Petrol prices drop 3 cents

Just got an email from PetrolWatch. The announcement was short - "All Petrol and Diesel prices dropped by 3 cents today." Yeah, and I guess we should all be so damned thankful or something.

Or perhaps those who topped up a tankful over the weekend have something now to lament about. Me? Shrug, I did too, but it was with cheap JB petrol, at RM 1.610 per litre. So I can hardly complain - my grouses have more to do with the Causeway jams (Singapore customs - jammed in both directions, Malaysian side - all clear in both directions - go figure!)

My, my. Petrol pump prices are now being watched almost as closely as shares in the stock market, aren't they? You should see some of the earlier headlines over at their site - like, "Rumours are that some petrol prices will by raised by up to 9 cents from 6pm today!", "As of 6pm, ESSO & Mobil have increased their prices by 9 cents. Rumours are the rest will follow shortly!". Hurricane Katrina hit them badly? Prices going up!! Hurricane Rita wasn't that bad? Prices going down!!

It wasn't like this in the past. Watching petrol prices would have been akin to watching paint dry - there wasn't very much action at all. Well, the world is different now. Supply-demand constraints, you know. When there's no spare capacity, there isn't much room for a hurricane (or two).

(2005-09-26 14:45:45 SGT) [Musings] Permalink

« Previous day (Sep 25, 2005) | Main | Next day (Sep 27, 2005) »

Most popular blog postings on lowem.log :

1. Singapore SIBOR interest rates fall to 1.5%, lowest since Dec 2004
2. Singapore SIBOR rate falls to 1.31%, lowest since Nov 2004
3. Live spot gold price quotes chart on COMEX
4. Fuel prices seen stoking Malaysia inflation in 2008
5. 2010 Honda Civic Hybrid preliminary specifications released
6. Singapore SIBOR rate fell to 1.25% in Apr 2008, lowest since Aug 2004
7. Malaysia inflation rate jumps to 7.7% in Jun 2008, a 26-year record high
8. Singapore : electricity tariffs to increase April 2008 on rising oil prices

Featured articles on lowem.log :

1. ABC Guide to Beating Inflation in Singapore and Elsewhere
2. Singapore inflation rate hits new 26-year high of 7.5% in Apr 2008
3. Singapore : Bread price inflation continues
4. 2010 Honda Civic Hybrid preliminary specifications released
5. Peakoiler buys 2008 Honda Civic Hybrid FD3
6. How to insert currency exchange rates into Google Spreadsheets
7. Singapore SIBOR rate falls to 0.94% in Nov 2008, lowest since Jul 2004
8. Singapore : Inflation erodes away bank savings