5 Stocks Cashing In as $100 Oil Pushes Drivers Toward Electric
Gasoline topped $4.40 a gallon in the U.S. in September, and Brent has sat above $100 a barrel since early September, up from around $60 before the Iran war started. Drivers have responded about how you'd expect. New hybrid sales in the U.S. rose 24% through the third quarter, battery-electric
Gasoline topped $4.40 a gallon in the U.S. in September, and Brent has sat above $100 a barrel since early September, up from around $60 before the Iran war started. Drivers have responded about how you'd expect. New hybrid sales in the U.S. rose 24% through the third quarter, battery-electric registrations jumped 52% across Europe in August, and the International Energy Agency figures EVs will make up nearly 30% of global car sales this year. That should have been a gift to the electrification trade, but a Bloomberg gauge of 104 EV-linked companies…
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