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??

[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

[_Cathy_]

^^^ Wow! How I wish I could the same! If only I knew how to and had a bike. hehe.
But won't you get all dirty (smog and sweat) riding a bike that far? How many kms from Cainta to San Juan anyway? Parang it's also hard to ride a bike wearing long sleeves or barong.