The Covid-19 pandemic has upended conventional wisdom in oil markets (prices will never go negative) and car sales (electric vehicle numbers will fall off a cliff). At the end of the summer, it hit another decades-old trend, at least in the U.S. For the first time since at least 1960, U.S. personal consumption expenditure on electricity was higher than it was on gasoline.
Read the full article here…https://www.bloomberg.com/news/articles/2020-10-01/coronavirus-has-propelled-us-into-the-future-of-electricity?srnd=premium
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Your Guide to Financial Independence
Rick Epple, CFP(r), CeFT (r)