Oil Price Watch

**ninjababez** · December 31st, 2014 06:53 AM

Originally Posted by _Cathy_

Same here. I consider 1/2 as empty. Normally every week nagkakarga ako kahit above 1/2 pa. Tomorrow pa full talk ako para swerte

oo nga ano mag 2015 na pala :what::what:
500 nalang muna pa gas up ko later nasa 65% pa naman gas ko eh :p

a bit OT: malaking bagay ba sa fuel consumption since mabigat ang auto pag laging full tank?

**jut703** · December 31st, 2014 10:49 AM

Originally Posted by ninjababez

a bit OT: malaking bagay ba sa fuel consumption since mabigat ang auto pag laging full tank?

Nope. Between half tank and full tank, mga 25L lang yun. 25L is roughly 20 kg. Para lang may maliit na batang sakay, not significant to make a dent in your consumption

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**Stigg ma** · December 31st, 2014 10:51 AM

Originally Posted by ninjababez

oo nga ano mag 2015 na pala :what::what:
500 nalang muna pa gas up ko later nasa 65% pa naman gas ko eh :p

a bit OT: malaking bagay ba sa fuel consumption since mabigat ang auto pag laging full tank?

1% lang naman ang dagdag sa FC sa pag buhay ng full tank kase kasama na yan nung denesign yong kotse, extra load/weight ang nag papasama ng FC

**ninjababez** · December 31st, 2014 06:36 PM

Originally Posted by jut703

Nope. Between half tank and full tank, mga 25L lang yun. 25L is roughly 20 kg. Para lang may maliit na batang sakay, not significant to make a dent in your consumption

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Originally Posted by Stigg ma

1% lang naman ang dagdag sa FC sa pag buhay ng full tank kase kasama na yan nung denesign yong kotse, extra load/weight ang nag papasama ng FC

thanks guys

**CVT** · January 3rd, 2015 01:16 PM

Flat for the past few days?...

**macsd** · January 3rd, 2015 08:35 PM

According to earlier news, it's projected to rollback next week between 1-1.30 pesos for gasoline & 0.80 - 1 peso for diesel.

**CVT** · January 5th, 2015 11:51 AM

Originally Posted by macsd

According to earlier news, it's projected to rollback next week between 1-1.30 pesos for gasoline & 0.80 - 1 peso for diesel.

Well..... I can wait for next week....

Our rides are over 3/4 full.... Just a matter of scheduling...

I heard that there was a rollback earlier today(?)

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**crazy_boy** · January 5th, 2015 11:57 AM

continues parin ang drop ng crude oil price. brent is just 56.++/barrel.

so how low will it go?

**niky** · January 5th, 2015 02:27 PM

Originally Posted by crazy_boy

continues parin ang drop ng crude oil price. brent is just 56.++/barrel.

so how low will it go?

Kaya pa daw ng SA until $30... maybe... but not for long. Some OPEC countries around $40-50. The US... bleeding bleeding bleeding.

**badkuk** · January 5th, 2015 04:59 PM

read somewhere that the US will be increasing its oil exports from shale -- a game of chicken with OPEC?

**niky** · January 5th, 2015 08:28 PM

Originally Posted by badkuk

read somewhere that the US will be increasing its oil exports from shale -- a game of chicken with OPEC?

Hmmm... looking it up... they're trying to cope with local oversupply.

Imagine... just over a year ago, they were suffering from local supply problems due to internal transport and refining issues, and now they're literally swimming in oil.

Some of the guys on US forums are chattering about actually seeing $1 per gallon gasoline... Think about it... that's something like P12 pesos per liter!

-

If it eases local US glut, it takes some pressure off the mother-frackers and puts it back on OPEC. The question is still who has deeper pockets... the American drillers or the Sheiks?

**badkuk** · January 6th, 2015 06:50 AM

i've read some articles suggesting that shale/fracking becomes uneconomical at USD 60-70/barrel. If true, they must really be bleeding bad right now.

12 pesos/liter? Mas mura pa sa Coke :D

To think, just a few years ago there was talk about oil running out, reaching USD145/barrel. Pure speculation lang talaga dati ng mga oil traders

**CVT** · January 6th, 2015 08:19 AM

Originally Posted by badkuk

i've read some articles suggesting that shale/fracking becomes uneconomical at USD 60-70/barrel. If true, they must really be bleeding bad right now.

12 pesos/liter? Mas mura pa sa Coke :D

To think, just a few years ago there was talk about oil running out, reaching USD145/barrel. Pure speculation lang talaga dati ng mga oil traders

Currently, prices of petrol in the US hover at $2.3 per gallon.

Roughly, that would be P102.35 per gallon or about P27.07 per liter...

Where we are right now? About P38 per liter probably... This is 40% more expensive vs. the US....

What more can I say?.....

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**crazy_boy** · January 6th, 2015 10:38 AM

Brent is again down today, by $3/barrel. we might see a $40++/barrel price soon.

**jut703** · January 6th, 2015 11:09 AM

Pending rollback of roughly 85 cents in gasoline and 40 cents in diesel again for next week.

The storm is coming.

**CVT** · January 6th, 2015 11:11 AM

Originally Posted by jut703

Pending rollback of roughly 85 cents in gasoline and 40 cents in diesel again for next week.

The storm is coming.

I am all ears with/for you, bro.jut703.....

"Let me roll it!!!!...... Yeah!!!"

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**lowslowbenz** · January 6th, 2015 01:06 PM

Just like what I said in a thread which I forgot where ........

The V8's and V12's are coming out of hibernation, and the owners wearing big fat cat smiles!

:D

**chua_riwap** · January 6th, 2015 02:23 PM

36.30/L na unleaded

**Monseratto** · January 7th, 2015 08:39 AM

Another round of price cuts???

The price of Brent crude oil has fallen to a new five-and-a-half year low of $51.12 per barrel, its lowest level since March 2009.

It follows Monday's 6% plunge in prices.

The fall appeared to have been prompted by Saudi Arabia cutting prices to Europe.

At the same time, the kingdom, Opec's largest oil-producing nation, raised them for Asian customers.

Some analysts said the price cuts reflected Saudi Arabia's deepening desire to defend its market share in Europe.

US oil fell further on Tuesday to $48.01, having fallen below the symbolic threshold of $50 a barrel for the first time since April 2009 on Monday.

The prices of both Brent crude and US oil, known as West Texas Intermediate crude, have now fallen by more than 50% since mid-2014.

Investors are worried that a combination of global oversupply and weak oil demand could cause prices to tumble further.

US oil production has soared recently, as fracking - or the process of extracting oil from shale rock by injecting fluids into the ground - has revolutionised oil production in the country, transforming US states such as North Dakota and Pennsylvania in the process.

However, the increase in production has come just as demand for oil in economies across the world from Europe to China - the world's second-largest consumer of oil - has slowed.

Recent data also showed that Russia's 2014 oil output hit a post-Soviet era high and exports from Iraq, Opec's second-largest producer, reached their highest since 1980.

**macsd** · January 7th, 2015 09:41 AM

Oil goes below $48 as Saudis defend stance | Inquirer Business

The free fall continues and i worry time might come gas stations will end up paying motorist.

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