Hopefully, it hits effective zero, and people start buying EVs.
As a bonus, maybe the military will stop wasting gasoline to murder civilians, since we’ve already established they value oil over absolutely everything else, including human life.
As a bonus, maybe the military will stop wasting gasoline to murder civilians, since we’ve already established they value oil over absolutely everything else, including human life.
So, if passenger demand halved overnight, prices for long-haul transport would implode. Even with the straits closed, tanks in the supply line would start to hit capacity, and spot prices could even go negative again.