Tesla is now benefiting from the ongoing U.S. fuel price hike. The automaker confirmed that its EV orders have increased by around 100%.
A Tesla Model Y charges at a EV charge station in Lane Cove on January 19, 2021 in Sydney, Australia. Share prices for lithium miners and battery makers continue to rise as global demand for electric vehicles continues to grow. Lithium is a key component for batteries in electric cars.
This means that Americans are now trying to avoid paying for the hefty crude oil prices by purchasing their own electric cars.
As of the moment, the fuel prices in the United States continue to go up as the conflict between Russia and Ukraine worsens.
U.S. President Joe Biden announced on Tuesday, Mar. 8, that all imported Russian energy products will be banned from entering the United States. Of course, crude oil is included.
Tesla Benefits From US Fuel Price Hike
According to Teslarati's latest report, Tesla EV orders in the United States are now rising. Right now, crude oil barrels cost around $100 each.
n aerial view shows cars parked at the Tesla Fremont Factory in Fremont, California on February 10, 2022. - Tesla can hardly make enough electric vehicles to meet booming demand, but behind the world's most valuable auto brand is its troubled California factory that makes most of those cars. The Fremont plant near San Francisco has seen a spate of sexual harassment lawsuits, years of racism allegations.
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This means that a gallon of car fuel can cost more than $4. Some regions in the United States even see a $5-per-gallon increase, as reported that USA Today.
Since nobody wants to empty their wallets just to use their gas-based cars, many U.S. residents are now turning toward electric vehicles.
Of course, Tesla remains the top EV maker and provider in the United States. Around 80% of all the electric cars in the nation are made by Elon Musk's automaker.
But, consumers also need to expect longer delivery timelines since Tesla also has shipment backlogs. Aside from the American EV maker, other automakers transitioning to EV production are also expected to experience higher demands.
These include Volkswagen, Hyundai, and other car developers.
Gas Prices in the United States
As the conflict between Russia and Ukraine continues, the crude oil prices in the U.S. are also expected to keep on going up.
"Oil prices play a leading role in pushing gas prices higher. Consumers can expect the current trend at the pump to continue as long as crude prices climb," said the American Automobile Association.
Now, here are the current gas prices in some of the U.S. states:
California
- Regular: $5.694
- Mid-grade: $5.834
- Premium: $5.976
- Diesel: $6.212
Arizona
- Regular: $4.548
- Mid-grade: $4.768
- Premium: $5.033
- Diesel: $5.024
Arkansas
- Regular: $3.901
- Mid-grade: $4.176
- Premium: $4.47
- Diesel: $4.774
Georgia
- Regular: $4.269
- Mid-grade: $4.561
- Premium: $4.9
- Diesel: $5.091
If you want to see more details about the gas prices in other states, you can visit this link.
In other news, Tesla EVs covered the January Top 3 BEV sales in the U.S. Meanwhile, Elon Musk agreed that Tesla FSD can lead to insane traffic levels.
For more news updates about Tesla and other EV makers, always keep your tabs open here at TechTimes.
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Written by: Griffin Davis
