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Oil settles near $100 after volatile day


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Neutral Newbie

Extracts from CNN

 

Crude prices supported by signs of economic recovery but pressured by stronger dollar. At the pump, gas prices retreat.

 

 

US pump price down,when is our turn huh???????

Should have a decal on our cars to shown that we want something to be done though protest is prohibited.

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When there's lesser demand then the price will drop, economics. Maybe we should leave our car behind and take public tpt.

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Neutral Newbie

"Suffer in slience"

 

"Wake up CAse"

 

"Time for a Petrol Price cut"

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imho, the crude oil price drops but sg cant drop price for petrol immediately cos they may have gotten in the petrol at a higher price previously... but in another point, they should not have straight away increase petrol price once US announced increase in price...

in both ways, they are earning much more than what they should in the first place...

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Neutral Newbie

Something is wrong,SG petrol companies alway buy at high price and we all pay for their mistakes??????We bad luck or they just want to earn more????

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Simple logic

 

High selling price - High cost (buy price) = X profit margin

 

High selling price - Low cost (buy price) = Higher X profit margin

 

 

So do u think they will really bother? [:|]

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