Large differences among the recent increases in the cost of powering gasoline, diesel, and electric vehicles — Green Car Congress

Leaf charging in Edwards September 30, 2021.

Click the link to read the article on the Green Car Congress website (Michael Sivak). Here’s an excerpt:

This post examines the recent changes in the costs of powering gasoline, diesel, and electric vehicles. The expectation was that the cost of electricity had recently increased much less than the costs of gasoline and diesel. The reason is that, in the United States, oil is used to generate less than 1% of electricity. Therefore, the recent jump in oil prices (because of the war in Ukraine), should have only a relatively small indirect effect on the cost of electricity.

The raw data—the retail prices of regular gasoline, on-highway diesel, and residential electricity—came from the Energy Information Administration. The gasoline and diesel prices are already available through May 2022, while the electricity prices are currently available only through March 2022.

The table below shows all available average monthly prices for 2022. Also shown are the calculated changes for each month compared with the January prices.

Average monthly prices for 2022. Graphic credit: Michael Sivak

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