u/Kaiwa1

The price of gasoline is highly correlated with the price of crude oil, and oil futures are currently climbing. If the geopolitical conflict mentioned continues, crude oil prices could return to their 2008 highs, causing a significant spike in oil futures. The author explicitly suggests buying short-dated crude oil (CL) futures to profit from the anticipated price increase. The underlying "conflict" could de-escalate, leading to a drop in oil prices. Increased US production ("drill baby drill") or a global economic slowdown could reduce demand and suppress prices.

High and rising gasoline prices increase the total cost of ownership for internal combustion engine (ICE) vehicles. This makes the value proposition of electric vehicles, which are cheaper to "fuel," more attractive to consumers, potentially accelerating EV adoption. Multiple commenters suggest that rising gas prices are a bullish catalyst for EV makers like Tesla, as consumers seek alternatives. Broader economic downturn could curb new car sales, regardless of powertrain. Increased electricity costs could diminish the TCO advantage of EVs.