Wow. So, just as talk of $4 a gallon gasoline for this summer began to heat up, the oil price crashes and prognosticators everywhere swivel faster than a weathervane in a Kansas tornado. One thing that impressed some reporters but probably had only a minimal impact on Thursday’s price move was the front page Wall Street Journal story which reported that the IEA’s Fatih Birol said, “We do not think gasoline consumption will come back to 2019 levels again.” And Volkswagen’s CEO Herbert Diess is quoted saying “E-mobility has won the race.”

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