Crude oil hits US$130 a barrel!

[Mac Daddy]

Originally Posted by Trinity

As of today it's going for $3.99 usd a gallon here. I've never seen it so hi!!!

The damn oil cartel is screwing the whole world by keeping production low to keep the demand up. Along with the cost.

Were at 1.28 a liter supposed to hit 1.50 by the middle of the summer. Thats why I have a bus pass and usually only drive on weekends ...

[Trinity]

Holy Sh*t!!!

It just went up to $4.19 a gallon...

[Adrian Wong]

Originally Posted by Trinity

As of today it's going for $3.99 usd a gallon here. I've never seen it so hi!!!

The damn oil cartel is screwing the whole world by keeping production low to keep the demand up. Along with the cost.

I think Goldman Sachs predicted it will hit US$150-200 in the next 2 years.

So, I think we are looking at a sustained level of high fuel prices, especially since the US dollar seems destined to fall for quite some time to come...

[Adrian Wong]

Originally Posted by sherwin

For some older pumps in the states, the dials can only show up to 3.99 due to the old mechanical dials that are used. The manufacturers back then never thought that it would be this high.

Since its too expensive to replace the dials to electronic ones, some are reconfiguring the dials to show the prices in half gallons

Wow.. Really?? I didn't know that. I would have expected the mechanical disks to have all the numbers from 0 to 9.

[Adrian Wong]

Originally Posted by Trinity

Holy Sh*t!!!

It just went up to $4.19 a gallon...

Hmm.. 1 gallon is 3.785 liters, so that's US$1.107 (RM 3.43) per liter. Yeah, it's really high, but I think it's relatively cheap, considering the current crude oil price.

Even back when crude oil was around US$80-90 per barrel, petrol was going at around RM 3.30 (US 1.065) per liter in Thailand.

[ZuePhok]

latest in sg..

Fuel Pump Prices (S$/Litre)
ULG 98 2.260
ULG 95 2.186
ULG 92 2.153
Diesel 1.833

:S

[Adrian Wong]

Originally Posted by ZuePhok

latest in sg..

Fuel Pump Prices (S$/Litre)
ULG 98 2.260
ULG 95 2.186
ULG 92 2.153
Diesel 1.833

:S

Wow.. That's almost RM 5 (US$1.60) per liter just for the lowest RON grade!

BTW, is that the petrol price for all stations in Singapore? Or does it differ from company to company?

[Zenphic]

Walking and bicycles for the win.

[Papercut]

Originally Posted by Adrian Wong

BTW, is that the petrol price for all stations in Singapore? Or does it differ from company to company?

By right it should differ because in theory, it's an open market

I shall say no more.

[PsYkHoTiK]

Free market ftw.