EV Challenge? Oil Price Down 20%

By Douglas McIntyre  •  October 23, 2025

Oversupply of crude and a drop in demand from China have driven oil prices down over the past year. This means gas prices are at $2.99. That is so low, the price to own as an EV is less attractive. Douglas A. McIntyre, Editor-In-Chief of Climatecrisis247, explains. More Video: Why The US Won’t Run Out Of Oil