Will Electric Cars and the Russian-Ukraine Conflict Hasten the End of U.S. Gas Stations? - News Summed Up

Will Electric Cars and the Russian-Ukraine Conflict Hasten the End of U.S. Gas Stations?


According to reports prior to the war, up to 80% of traditional gas stations will no longer be profitable by 2035. To be clear, the existing gas stations aren’t being shut down in Petaluma. Today, in a world in the midst of being reshaped, the switch to all-electric vehicles appear to have become a necessity. U.S. Gas Stations: 2022 StatusGas prices have been rising since the economy began its re-adjustment as a result of the pandemic. Of course new gas stations are still being built, but many smaller facilities are being squeezed out of the market by big-box gas retailers, stations that sell over 940,000 liters per month.


Source: CNN April 15, 2022 14:58 UTC



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