Oil Price Watch

[Monseratto]

83 --> 84 --> 85

86... and beyond.

and it's just the second day of the week.

If this week's increase at the pumps isn't painful enough...

[Monseratto]

Market is already plotting US$ 90...

Investors have loaded up on options that give the holder the right to buy Brent at $90 by the end of October. Open interest in call options at $90 has risen by nearly 12,000 lots in the past week to 38,000 lots, or 38 million barrels.

Exchange data show hedge funds’ combined net long position in Brent and U.S. light crude futures and options at its largest since late July, equivalent to about 850 million barrels.

And beyond...

With about 1.5 million barrels per day of Iranian oil expected to go offline on Nov. 4, prices could “rocket higher with the flashy $100 per barrel price tag indeed a reasonable-sounding target,” he said.

Brent crude surges to above $85 a barrel for first time since 214 - The Globe and Mail

[Monseratto]

Gasoline prices surge to P71/liter in some areas | Money | GMA News Online

[uls]

Market is already plotting US$ 90...



And beyond...

beyond

coz if you bought $90 call options and brent goes to $100 you can exercise your right to buy brent at $90

[uls]

re P60 gas and when will we see less cars

i think the middle class is strong enough to take P60 or P70 gas so i don't think we're gonna see less cars yet

[_Cathy_]

re P60 gas and when will we see less cars

i think the middle class is strong enough to take P60 or P70 gas so i don't think we're gonna see less cars yet

How about P80?

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[Yatta]

re P60 gas and when will we see less cars

i think the middle class is strong enough to take P60 or P70 gas so i don't think we're gonna see less cars yet

I remember nung pumalo ng P60+ yung gasoline nung 2008 ramdam yung pagbawas ng trapik, pero nakatulong din yung kampanya ni Bayani Fernando (MMDA) laban sa kolorum. Kaso ngayon mahirap din makasakay sa bus at jeep, I doubt kung bibitawan ang personal na kotse.

[GTi]

Never more thankful we have an all-diesel garage than during times like this...

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[uls]

How about P80?

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can't say eh

incomes have risen a lot in the last 10 years

malaki ang sweldo ng middle class ngayon i think mas matibay ang middle class now compared to 10 yrs ago

[uls]

I remember nung pumalo ng P60+ yung gasoline nung 2008 ramdam yung pagbawas ng trapik, pero nakatulong din yung kampanya ni Bayani Fernando (MMDA) laban sa kolorum. Kaso ngayon mahirap din makasakay sa bus at jeep, I doubt kung bibitawan ang personal na kotse.

and there are more private diesel motor vehicles now than 10 yrs ago

[remzam]

Last nag 60 per liter ang gasolina, di ko ginamit yung Nissan Cefiro. For a mere 30km Eh halos 500 pesos one way ko.

Kelangan at least dalawa kame sakay para sulit gaso.

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[Ry_Tower]

I agree, mukhang mas resilient middle class ngayon kaya madami pa rin gumagamit sasakyan.

Problem dito yung ripple effect, all levels of business transactions sa basic goods magpapatong yan to augment costs. Hindi pare-pareho mag-compute mga yan kaya gross addition sa price mas malaki sa dapat lang itaas. Yan problema dyan eh. tsk tsk

[remzam]

Ang problema nyan, and you have to brace for this, the car loving commuters na di kaya ang ganyan kataas na presyo, but need private transportation, will shift to motorcycles and scooters. Ok sana yan, kung they have proper riding education. Dadame aksidente sa kalye nyan.

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[Ry_Tower]

Ang problema nyan, and you have to brace for this, the car loving commuters na di kaya ang ganyan kataas na presyo, but need private transportation, will shift to motorcycles and scooters. Ok sana yan, kung they have proper riding education. Dadame aksidente sa kalye nyan.

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Yes MC nga magiging alternative nung ayaw pa rin mag-commute kasi nga pangit talaga transpo system natin.

[remzam]

Yes MC nga magiging alternative nung ayaw pa rin mag-commute kasi nga pangit talaga transpo system natin.

Mass transport system talaga.

Kung ako lang, monopolyo ang bus at ang jeep. Government owned lahat. Tapos tren.

Ang problema, mga private owners ng transport companies, mga politiko rin. Or malakas mag lobby sa gobyerno. Kaya wala.

No choice ang public. Kaawa awang Pilipino. Hangga't may tatsulok. At sila ang nasa tuktok...

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[oj88]

To hell with it... I'm refining my own fuel from now on.

[minicarph]

Never more thankful we have an all-diesel garage than during times like this...

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10 years ago when the fuel crisis hit. i had 2 cars
99 crv gas, 07 santa fe. I remember those weeks na halos 2 weeks hinde na lumabas sa garahe crv ko,

Now a decade later i still have the santa Fe hihi, i was so happy with that car back then coz it is so tipid.
Now dejauv na nman and my santa fe is still here to weather another fuel crisis.

Maybe thats why I never sold it coz i felt that another economic crisis will happen.

Brace yourselves folks ang susinod na tataas eh fully synthetic oil. Glad that my SF is not picky as the diesel cars of today na kelangan synthetic, back then alam ko pumalo ng P800 per liter ang FS oil sa banawe , what more sa casa baka P1200 per liter na

Those diesel PPVs like the Montero, Fort, TBZ saka nakupo Everest using expensive 5w30 expect higher PMS.

isizu Mux and malamang Nissan Terra wont be affected, coz I researched Nissan Navarra hindi maselan sa oil, maybe thats why I want that car too

[Ketib]

Gawing 10k kaya ang mineral bago change oil?

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[jut703]

Gawing 10k kaya ang mineral bago change oil?

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I already have 10k km OCI even on mineral oil.

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[Ketib]

I already have 10k km OCI even on mineral oil.

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Mimic ko na lang din, big savings ito sa amin.

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