abhibeckert ,

you can’t ignore basic laws of the universe that oil is a finite resource

TLDR - oil might be a finite resource but gasoline is not oil and it can be renewable. But it's also a rapidly shrinking market.

The stuff can literally be grown on trees. It's cheaper to pump it out of the ground, but it's actually not much cheaper. Fuel from plants, which we farm in bulk for human consumption, can absolutely be used to create gasoline. It's also net-zero — because the plant takes carbon out of the atmosphere to create the oil and then it's simply returned to the atmosphere when your burn it.

Most gasoline in the USA contains at least 10% biofuel, and some is up to 85%. The latter requires an engine tuned to run on it, however it's possible (and is an area of active research) if you're willing to spend a bit more money to manufacture 100% pure biofuel that can run on unmodified engines. Porsche in particular has started selling a biofuel that is specifically designed to run on classic cars that were manufactured decades ago. They plan to produce something like a million gallons a month of the stuff, and it will work in basically any car. And if you have a classic car (designed for gasoline that contained lead) then it will work better than the fossil fuel you can buy at a gas station

The thing is though, battery powered vehicles are way cheaper than doing any of that. And if you really need a fuel based approach (e.g. batteries are just too heavy for large aircraft), then Hydrogen is a better option than any biofuel.

So - while gasoline can technically be environmentally friendly and is a usable source of energy for the foreseeable future, in reality it's destined to follow horse drawn carriages and steam engines, a technology some people only use for their own personally enjoyment or to preserve our history.

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