Oil Prices hit highest level in 18 months

Poolman SG

Economists downplayed fears that oil may return to the stratospheric price levels last seen in July 2008 ....

This is becaused oil prices have already doubled from US$40 to US$80 since the beginning of last year .

The rise in prices is likely to be smaller going forward .

FT SG

if i never remember wrong back in 2007 or 2008 1 L of V- power cost $2.30-$2.40 plus before discount.

Now i must earn and keep alot of money to get ready for the next economy

crisis, when the share again drop to the lowest point i buy...for long term tao tao dan dan ar...

f1taxidriver SG

When the US economy is doing well or is showing signs of recovery from a recession, oil prices always go up. This is because oil is needed to power the economy. Factories all need electricity mah. More electrical consumption due to increased consumer demand = more oil needed. So the price goes up. But it will not go up forever. Some price correction will happen eventually if it gets too high.

So dont think too much about it unless you are a NYMEX oil trader like one of our members here?

Sonata83 SG

if i din remember wrongly , the highest market price across all petrol kiosk for diesel in 2008 is around $2.033 per litre... it is very crazy when refueling...

Poolman SG

Lucky i am on CNG , up also won't kill me .

Maybe my petrol will be a bit more , $1 ?

Now $3 , maybe $4 per every 225km .

Fuck la ..... cigarettes $10.60 also like that smoke liao knn .

Poolman SG

Let's see our household will go up by how many % ?

allulu69 SG

Hope not see the fuel charge again.

Poolman SG

Heard from taxiuncle.com Comfort kiosk up diesel price from $0.88 to $0.93 .

Soon CNG will be up from $1.04 per litre to $1.09 at least .

Now CNG $1.04 per litre , or $1.31 per kg .

Ok leh now to drive CNG , just $0.11 more expensive than diesel .

Go green !!

Use CNG .

FT SG

Heard from taxiuncle.com Comfort kiosk up diesel price from $0.88 to $0.93 .

Soon CNG will be up from $1.04 per litre to $1.09 at least .

Now CNG $1.04 per litre , or $1.31 per kg .

Ok leh now to drive CNG , just $0.11 more expensive than diesel .

Go green !!

Use CNG .

but hor i can drive 500km or 600km no need top up lo...can u???hahaha..

Insg SG

but hor i can drive 500km or 600km no need top up lo...can u???hahaha..

How dare you suan him. Later his red engine tow a CNG tank then you know. haha...

Poolman SG

but hor i can drive 500km or 600km no need top up lo...can u???hahaha..

can ..... petrol ma .

Mine cng & petrol .

Poolman SG

Our CNG tank remodified to 300km soon , from 225km .

f1taxidriver SG

best is to have 2 taxis. A diesel and a CNG taxi. If oil price go up, drive Transcab. If oil price go down, drive comfort/SMRT

Sgcabby SG

best is to have 2 taxis. A diesel and a CNG taxi. If oil price go up, drive Transcab. If oil price go down, drive comfort/SMRT

if you put it like that, then that means FOREVER drive Transcab liao..becos prices NEVER go down haha :D

Poolman SG

People , fuel is just an overheads , like rental .....

Dun take it very hard .

if fuel 40 bucks , just pay $40 , pain what ?

As long as u dun lose $$$$ .

U are a entrepreneur .

It's a question : " U make how much nia today ?"

For me , my target take home $150 , i just add $45 rental and $40 fuel , so i need to collect around $240 .

Easy easy la .....

Why take fuel price so hard ?

komade SG

my average fuel costs is round $50 n above on fri/sat.......... :P

Insg SG

People , fuel is just an overheads , like rental .....

Dun take it very hard .

if fuel 40 bucks , just pay $40 , pain what ?

As long as u dun lose $$$$ .

U are a entrepreneur .

It's a question : " U make how much nia today ?"

For me , my target take home $150 , i just add $45 rental and $40 fuel , so i need to collect around $240 .

Easy easy la .....

Why take fuel price so hard ?

That's right. Even if fuel is free and you cannot get pax, you still lugi rental. The most important is got biz, not cheap fuel.

f1taxidriver SG

my average fuel costs is round $50 n above on fri/sat.......... :P

Brother Komade,

Fuck sia, u have to blow $50 on fuel on a Fri/Sat? May I know which taxi is that? I can cover up to 600km during a half shift, but the diesel is still less than $50, and still got quarter tank left.

ALN SG

eh $50 means 500km for sonata… fri sat highly possible leh…

what taxi can go 600km for under $50?

komade SG

Brother Komade,

Fuck sia, u have to blow $50 on fuel on a Fri/Sat? May I know which taxi is that? I can cover up to 600km during a half shift, but the diesel is still less than $50, and still got quarter tank left.

Toyota Wish, i run on fuel/cng when cng finish if im not

round the refueling areas i juz F care run on petrol sometimes

i can go for 200km bfore im near the cng kiosk tats my high

fuel cost. N i also i spend alot of time in town bfore 12am so

use alot of fuel waiting at traffic lights etc, after 12am flying 140km/h

everywhere haha. Lastly i heck care 1 i floor the pedal maybe tats y

my fuel costs veri high..... my average mileage on fri/sat is 500-600km

per day.....