Hold on to your panties but it was just at the news that oil has hit US$129 a barrel. Its also expected to hit $150 by end of the year.

This means if gasoline is priced at P55/L (current P52/L is still not done with under-recovery), by simple price projection of the percentage of the increase, by year's end the price of gasoline will hit P66/L.

So, has the fuel prices reached the "ouch" level for you yet?