At what price do you think gasoline will stabilize at?

[ghosthunter]

At what price (per liter) would you think gasoline would stabilize at?

[uls]

P75 siguro.

Coz as of now meron under-recovery of 10 - 12 pesos ata.

So if P52 ngayon, sigurado aabot ng P62-P65.

That is if oil stabilizes at $133-135 per barrel.

Pero malabo mag stabilize ang oil price... tataas pa yan e.

[tidus1203]

I voted for P70 but to be honest as long as the bubble continues to float up there then its hard to predict oil prices, however if the bubble bursts than expect this to fall quick back to the P40's and stay there for years... Ganun talaga ang bubble once it pops it falls dramatically and stays there for many many years...

[[archie]]

ako hoping at 60-65 pero realistically, aabot siguro ng 75 before it stabilize.

[uls]

High oil price is already hurting the world's biggest oil consumer.

Americans are driving less.

CNN: As gas goes up, driving goes down
http://www.cnn.com/2008/US/05/26/gas...ef=mpstoryview

Wall Street Journal: Americans cut back on driving
http://online.wsj.com/article/SB1211...googlenews_wsj

Marketwatch: Americans drive 11 billion fewer miles in March
http://www.marketwatch.com/news/stor...%7D&dist=msr_9

Reuters: March driving down for 1st time since 1979
http://www.reuters.com/article/domes...00904320080523

If this keeps up, the US would consume less oil...

Even if demand from China and India is still strong,

with the US consuming less oil, there would be less pressure on global supply.

Hopefully, this would stabilize oil price.

Don't know when this will happen...

But it will.

[tidus1203]

^^You bold enough to SHORT oil??

[chuaed]

tangalin ang OPEC Cartel (MONOPOLY) doon makikita mo mag stabilize na ang presyo ng gasolina...

[beereo]

it will be continous until it reaches 100 pesos per liter. magbike na lang tayo!

[ghosthunter]

world oil is now at $129 (although asian oil price still at $133)

[v6dreamer]

Mga 80 pesos bago mag kalma, then tataas muli ng unti unti.

[nicolodeon]

I overheard a few "high-falooting" businessman blokes yesterday say that oil will stabilize at US$ 160/barrel before the year ends. So my guesstimate is that petrol will stabilize at around Php 75-80 / liter before the year ends.

I pray to God this won't happen.

[uls]

^^You bold enough to SHORT oil??

haha... maybe... not yet

-----------------------

Pansin ko fed up na ang US consumers sa high gas prices.

Bagsak ang value ng bahay nila, may credit card debt, car payments, mortgage payments, mahal ang pagkain, baka ma-lay off, tapos pataas ng pataas ang gas...

Pigang-piga na ang US consumer.

Even companies like airlines and truckers are hurting coz of high oil price...

So i think umabot na sa point where the US economy is being dragged down by oil price.

Oil traders know this...

there is strong resistance at $135.

[v6dreamer]

haha... maybe... not yet

-----------------------

Pansin ko fed up na ang US consumers sa high gas prices.

Bagsak ang value ng bahay nila, may credit card debt, car payments, mortgage payments, mahal ang pagkain, baka ma-lay off, tapos pataas ng pataas ang gas...

Pigang-piga na ang US consumer.

Even companies like airlines and truckers are hurting coz of high oil price...

So i think umabot na sa point where the US economy is being dragged down by oil price.

Oil traders know this...

there is strong resistance at $135.

Its not only in the U.S, its worldwide problem. As you read the news this is not only for a one country but whole. Yes its true, that some real state value are down but that doesnt mean broke to the bone. Like my house, I bought this 15 yrs ago for $135,000, year ago the appraised is $545,000. I may loose some of the equity but not the principal and I still make money if I am going to put up in the market but, I wont do that.

Regarding credit card debt, again this is for individual how do you manage your financial surety. Common mistake is a simple math.

Pagkain dito? Mas mura parin, it went up a little by the cents except the gas that almost double.

[tidus1203]

^^ Unfortunately you are not the typical American. The typical American is drowning in debt...

[uls]

i know high oil price is a global problem.

I focused on the US coz the US is the biggest oil consumer.

US oil consumption affects oil price more than any other country in the world.

[v6dreamer]

^^ Unfortunately you are not the typical American. The typical American is drowning in debt...

Been there up to neck that can choke me big time. Learned my lesson well and dont want to go back again.

[valvura]

it will never stabilize.
better to re-phrase your question by indicating timeline, e.g. : "what do you think will be the price of gasoline by _____ ?" this way, apple to apple ang comparison ng opinions...
+2cents...

[niky]

As long as someone can afford oil, the price will keep rising.

The question is not how much the typical Filipino, Asian, American or European is willing to pay. The question is, how much the Chinese and Indian industrialists can afford to pay.

As long as there's a big enough market willing to pay ungodly sums of money for crude oil, then prices will keep going up.

Personally, I think 65, but hell, I won't be surprised if we see 100.

[ringostarr]

if oil bubble will not burst at umabot tayo ng P100/liter with the rest of the world

isa lang naiisip ko, may threat sa mundo. maybe near earth collision objects

and the powers that be are desperately raising funds to pool all the world's resources to deal with this problem

nakita nyo ba yun straight line na cloud sa sky natin 2 days ago, grabe ang laki nun ah. that's the biggest i've seen so far. siguro larger than an a Boeing passenger plane ang nag-near miss sa'tin

[miLes]

kaya i started bike commuting today, from cainta to san juan it took me 40min vs 1hr drive. traffic was horrible at ortigas ext all the way to edsa. then from san juan lrt to work nalang, no fuel burned except calories faster traveling time pa kawawa lang pagumuulan