Was on our way home one day on the odd occasion that our son was picked up from school. In between that 10 kilometer Jeepney ride between his school and our home I noticed that there were 9 gasoline stations already plying their trade.
10 years ago, if I’m remembering this correctly, there were only about 5 gasoline stations offering up fuel to the long distance travellers heading to some far off province.
As we sit in the cusp of what I believe will be a transition of gasoline powered transportation to one of electric within what I’m assuming to be 10~15 years time, it begs the question as to whether investing in a gasoline station is still a viable investment move? Also, if there is still enough time for those who recently invested in a gasoline station to recoup their investment?
At that time the drive to invest in a gasoline station seemed like a sound business decision because of the weekly rise of gasoline prices that could really net a business person a good price. Of course, like that age old saying: ” Necessity is the mother of invention”, the drive to transition from an oil based transportation to one of a cheaper one was staring all of us in the face because of the weekly increase in gasoline prices.
Some say that it might take a longer time for electric vehicles to ply the roads. But assuming that electric vehicles, because of their nature of bordering near being an electric product than an automotive product, are governed by the product development timelines of the former. This could result in a product development timelines, brought about by rapid advancements in technology, resulting in being in months rather than years. It wouldn’t be surprising therefore to see a reliable electric vehicle just within a couple of years that won’t have any range issues.
But then again, this is just wishful thinking on my part. Maybe 10 years down the road the lowly gasoline station might re-invent itself into something that might be useful (and profitable) in a post-fossil fuel world.
Category: Biodiesel, Automotive, Autogas, Electric Car, Investment, Diesel, Investing, Auto-LPG
