Well, things are starting to look up. As you can see, there’s a huge drop in gas prices since. Now, the DOTC (Department of Transportation and Communications) announced that they’ll be reducing the public transportation fees before Christmas. That should more or less help the commuting public alleviate some of their budget woes.

The thing is, gas prices may have gone down P11.00 ($0.23) so far but it rose a total of P21.00 ($0.45). So there’s still about another P10 more to go before it equals to the original gas prices before the whole scarcity scare.

What I don’t get is that the crude oil prices per barrel has already dropped to an all time record low of $72/barrel when I remember that during the height of all of the fuel price increases, the price of crude per barrel was about $130/barrel. The drop is about half the price and how come they’re not dropping prices of retail fuel as fast as they brought it up???

Now they’re blaming it on the instability of the dollar. Whatever. If it’s not one thing it’s another. But I’m still glad that it’s been dropping. Just not all too happy about the speed. Now, if only other costs would go down as well like food prices, energy costs, etc…. but I guess that’s asking for too much now.