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News 2026-09-22 07:03 UTC

US fuel market splits as EV uptake creates two-tier system

The rise of electric vehicles in the US is creating a two-tiered fuel market, with EV owners' costs determined by local electricity prices and gasoline car users' costs tied to global oil markets. EV charging averages $1.56 per gallon nationwide, while gasoline costs $4.43 per gallon.