Oil Price Watch

[renzo_d10]

Possibly. Pero sana naman bumaba ! Kahit balik 51 man lang for unleaded gasoline. Sakit sa bulsa nung 58/L. Hahaha.

[Lucius]

Okay na din tumaas ng konti, kahit mga 3-4 months stable na mataas ang presyo ng gas.

Why? Para mabawasan ung mga maiingay ang tambucho na mabagal naman, rev ng rev papansin. Para mabawasan din mga walang alam sa daan.

[uls]

speculators still net long crude oil

Money managers increase long exposure to brent crude again | Tradingfloor.com

Following on from the data provided by the CFTC on WTI crude the ICE exchange in London has released its weekly data on positions held by money managers in brent crude and gas oil futures.

For eight weeks in a row the net long position in brent crude rose again, this time by 6 percent to a new record of 140k contracts while the net long in gas oil saw a small reduction to 81.5k contracts.

[Monseratto]

Diesel 48.80 na pala, and unleaded 58.60. Last time I gassed my diesel Fortuner 3K na ang full tank...

Mas sensitive ngayon oil crude because Iran is out of the supply picture. Isang sabog lang, aabot ng sky high ang presyo.

[Retz]

Editorial
Oil price spiral
Philippine Daily Inquirer

While much attention is being directed at the impeachment trial of Chief Justice Renato Corona, oil prices are threatening to go through the roof.

As of March 14, a liter of gasoline cost P54.35 to P61.02; diesel, P45.70 to P48.70; and an 11-kilogram tank of liquefied petroleum gas used for cooking, P835 to P919. At the start of the year, gasoline was selling at P48.78 to P55.70, diesel at P42.84 to P46.43, and LPG at P691 to P765.

The surge in prices of imported oil has been attributed to increased political risks mainly in the oil-producing Middle East and North Africa and the growing demand of large economies like China and India. The oil price benchmark used by the Philippines, the Dubai crude, cost $123.65 a barrel as of March 9. (For perspective, the Aquino administration assumed that oil prices would average $100 a barrel when it set economic targets and drafted its budget for 2012.)

read more:
Oil price spiral | Inquirer Opinion

[tomboy]

Kelan magiging totoo yung 34kms per liter yung suzuki celerio.

[Retz]

Kelan magiging totoo yung 34kms per liter yung suzuki celerio.

wow! too good to be true.

[uls]

magtataas na yata ng P0.50 jeepney fare

[ghosthunter]

Any of you guys noticed a reduction of cars on the road yet?... I haven't.

[niky]

Kelan magiging totoo yung 34kms per liter yung suzuki celerio.

It is true.





You just have to drive exclusively on the highway, at 70-80 km/h, coast as much as possible, and try not to get stuck in any traffic at all.