Oil Price Watch

[WallyWest]

Grabe...gone are the days na "mura kasi diesel".
Kawawa mga PUV drivers and operators.

Pinakinggan kasi ng universe si kags. Kasalanan niya yan.

Social media made y'all way too comfortable with disrespecting people and not getting punched in the face for it. - Mike Tyson

[StockEngine]

Lol kags fault 🤣 😂 😅

[_Cathy_]

WTF mas mahal na nga diesel sa gas tapos yung unleaded nasa P90 mark na! P1500 na 1/4 ko! Sheesh kung kelan ko ako nakakalabas na after makulong ng 2 yrs ang mahal naman ng gas, jobless pa ko

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[ninjababez]

WTF mas mahal na nga diesel sa gas tapos yung unleaded nasa P90 mark na! P1500 na 1/4 ko! Sheesh kung kelan ko ako nakakalabas na after makulong ng 2 yrs ang mahal naman ng gas, jobless pa ko

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kaya pag napapadaan ako cainta or cavite pag sundo daughter ko, gas up agad nasa 1300 yun 1/4 sa rephil carmona e, sayang 200

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[Deestone]

sa mga walang sasakyan maliit lang effect sa transportation cost kasi mura parin pamasahe

piso lang yata tinaas sa jeep tapos may libre bus

pero ramdam na ramdam ang inflation sa pagkain

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for car owners obviously ramdam ang pagtaas ng presyo ng gas/diesel

pero i'm not sure if people are already spending less on other things

wala kasi data gathering sa Pinas

like i wanna see data on discretionary spending -- like kung bumaba ang spending on restaurants, specialty coffee/beverages, travel/vacations, etc

On the other hand, those who are planning to buy cars will think twice due to high cost of diesel and gasoline and I would think this will also encourage car owners to use public transport instead (will help decongest trafffic in a way).

[111prez]

On the other hand, those who are planning to buy cars will think twice due to high cost of diesel and gasoline and I would think this will also encourage car owners to use public transport instead (will help decongest trafffic in a way).

For sure, mataas ang interes sa mga hybrids ngayon

[yubby24]

Bumili na ko ng 3k worth of gas sa pricelocq at 75/l. Yung fuel reserve ko tingin ko enough na for 2 weeks.

[ice15]

For sure, mataas ang interes sa mga hybrids ngayon

madami pa din takot sa "casa maintenance" and "price ng battery replacement"

[ice15]

IMO, scary part about the oil prices.

Oil producing countries are making money, refineries are making money, (as of March) oil transport companies are making money. Russia oil is still used by some countries.

If we consumers can spend on 80+ petrol/diesel per liter?

why would all those companies/countries want the prices to go down?

[papi smith]

So what's the funny part?

Early 2000, they were saying oil wells are not going to last long.

Then after the subprime crisis, they said that oil is not going to recover because renewable energy is on the rise.

Now, oil price is almost back to all time high, where are the renewables?