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.