Oil Prices Low ; Is this caused by the recession?

Thursday, October 16, 2008

It's something like this but its BIGGER and TALLER...more roomy! This is the small version of it I guess!


We own a Mitsubishi Space Gear Delica Executive Edition van ( a larger one and not like normal ones sold here normally in the islands) and it drinks Diesel like there's no tomorrow... I kinda am tired paying for that sometimes because its relatively cheaper if I just get a cab to and from work... the deal is, everyone in the house needs to use it so I compromise I guess. How am I still managing to save money? Well that's really a miracle!

I heard the news today oh boy! (no that's not the song!) that there would be a 3 peso rollback on diesel with Flying V... its not my brand and I always get Diesel from Petron... but since that is the competitor, most probably they will pull down the prices of the others also. I heard just this evening that oil prices fell to an all time low of 70 dollars. Remember it was about 130 before? that's almost half! Well, I think something good is happening with the US recession I guess huh? People are spending less, and not buying too much petrol is getting the prices and demands down so it is showing that on the market. This is good for motorists right? ^_^

This is where I usually gas up!

Flying V is 3 pesos off diesel and a peso off regular gasoline. Shell, Petron, Eastern Petroleum, Seaoil, PTT, Chevron at Total already rolled back a a lil over a peso off their rates for diesel, gasoline and kerosene.

I heard its about 2 dollars 80 where my Uncle is in the US... like a dollar lower than about a month ago... that is kinda good news. Now I can't wait for prices to go lower on commuters like me too. Maybe 10 pesos off the flagdown rate again? or maybe a peso off on regular jeepney rides would be nice even if I heard they were only asking for 50 cents this morning. I mean its better in Baguio than in Manila, they only have 25 pesos for their flagdown rate there... sheesh!

I hope prices of oil still go down in the world market... as we all need to breathe!


COWPhotobucket

8 comments:

Anonymous said...

Wow $2.80 where your uncle lives?/ what part in the US is he from? that's pretty cheap! compared to ours. One time ours raised up to $4.11 last month. Gas is just so ridiculously expensive. I am so glad that my kids are riding a bus from and to school.That save money. last year when I had to drive them to school. I usually pay $53+ each week. It's cheaper than my hubby car coz his usually ran up to almost 90 but next year, I will have to drive them again. bummer!

Chubskulit Rose said...

Buti na lanh walking distance lang work ko hehehe...

Good to know may rollback dyan satin..

EJ said...

Here in korea is worse, the gas is ranging from 6-7 dollars a galloon.. can you believe that? ridiculous..

Anonymous said...

magbike na lang kaya para walang gastos sa gasolina?

Jamo said...

it's a bit surprising that the cost of oil prices went down while US has it's stocks going up and down. Well , i guess we should still be thankful...

Splitzbz said...

hate the economy nowadays .. it sucks because everything can go down and nothing good will come out of it.. but its good news for us Malaysian too as the fuel's price has gone down recently..

visit me too said...

magbike na lang kaya para walang gastos sa gasolina?

chubskulit said...

Buti na lanh walking distance lang work ko hehehe...

Good to know may rollback dyan satin..