Crude Oil falls down to US$78.61 !!

[Maersk1]

wah damn...the moment markets opens in US, it's falls downwards...

 

at current...it's hit US$78.61 per barrel and believe more to drop...

 

hope local cartel will be adjusting the price soon !

[Coolpica]

Wow, will the oil companies revise their price to $1.70/L? Hope that they can reduce their prices soon to reflect the downwards trend.

[Chrislks]

one thing that puzzle most ppl.

 

Rice/ gocery price all affected and rose becoz of petrol price rose. but now petrol price dropped.... why gocery price still on the rise?

 

next electric n our tanks of cooking gas also depend on crude oil. same thing. why no revised?

 

EASY upx but hard to come down. KAOZ

[Albeniz]

As mentioned before, I want my glass of kopi guni to go back to 70 cents.

[Coolpica]

Ya lor only pay ez down but very difficult to go upz! Hopefully things will improve to help people tide over the crisis.

[Tigershark1976]

cartel dont reduce pump price we can still control our expenses by reduce car usage... eletric bill dont go down is more jia lat.... mine already cut to bare minimum... to cut further, i have to use candle liao...

[Eurocar]

i have been thinking abt this too. logistics, services etc all increase price, citing petrol (travelling cost) as the main reason.

 

now drop price, but they still stay the same.

[Kingcopa]

Simple mah. they are the only player in sg market. They up we also LL. Monopoly u play beofre

[Angdao]

lol, that's why i bought into transport shares~

 

their profit will only go up~

 

oil price increase, they increase fares.

 

Oil price decreases, they become selective memory.

 

Economic crisis come, fares remain the same, but more pple turn to public transport. Equals? Sterling result every quarter even though every industries are being hit badly~

 

Shares of these public transport companies pretty defensive huh? lol.

[Darkblue]

yay, electricity bill confirm fall again !

 

The authority said if the forward fuel prices come down next month, the electricity tariff from January to March 2009 will be reduced accordingly.

http://www.channelnewsasia.com/stories/singaporelocalnews/view/379056/1/.html

[Metalbone]

Since now crude oil is

[Darkblue]

From what *they* say, should be like that...

 

Since they like to use linear mathematics, one-way of thinking only

[Emils]

Can see that you are an optimist, but yea, that's roughly how the formula should work.

[Sbnp]

Dear Metalbone, how I wish you are very right.

 

Fyi, when crude oil was at USD 30-40, the charges was about 0.14/kwh.

 

Now, based on USD 150, they are charging about 0.3/kwh.

 

You ask me, I think next quarter charges will be more like 0.25/kwh, based on USD 80.

 

Just my 2 cents,

[Shull]

wait..i tot out generation of electricity is via natural gas?

[Espire]

one thing that puzzle most ppl.

 

Rice/ gocery price all affected and rose becoz of petrol price rose. but now petrol price dropped.... why gocery price still on the rise?

 

next electric n our tanks of cooking gas also depend on crude oil. same thing. why no revised?

 

EASY upx but hard to come down. KAOZ

 

Cos the people working in it also used to the no of months of bonus liao..

[Sbnp]

Yah, but I think NG pricing is somewhat peg to crude oil. If crude oil goes up, it will also automatically goes up. Same for the pricing of palm oil, as it is also now used for bio-diesel. Come and think about it, damn unfair leh.

[Application9999]

go and have it in goldhill plaza....coffeeshop sell copi susu at 70cents...despite the inflation...