Can Petrol price in Singapore hit $5.00 a litre in next few months ?

[Watchman]

Can Petrol price in Singapore hit $5.00 a litre in next few months ?

 

[Ash007]

Why would it? Oil price is dropping.

 

[jimmyfallon]

Anything can happen.

 

[saratogas]

If WAR breaks out- China Vs Japan, North Korea Vs South Korea, Iran Vs the rest of the World...

Just what shares are shooting up, its goes down... time to cash out liao!

 

[HellAngel]

Not anytime soon. Maybe in about 5 years, this could be the norm.

 

[Cestbon]

Not anytime soon. Maybe in about 5 years, this could be the norm.

Very unlikely petrol price will hit $3/L.
Because more car will be fuel efficient. And also more electric car will be on the road which is more energy efficiency as high as 80% convert electric to traction.
Where gasoline/petrol efficiency on 20% because must of the energy lost in heat .
Meaning electric car use less energy or about more than 3 times efficient using same amount of energy.

 

[Watchman]

Very unlikely petrol price will hit $3/L.
Because more car will be fuel efficient. And also more electric car will be on the road which is more energy efficiency as high as 80% convert electric to traction.
Where gasoline/petrol efficiency on 20% because must of the energy lost in heat .
Meaning electric car use less energy or about more than 3 times efficient using same amount of energy.

There you go, you just got a possible answer.

Because we just got more efficient .

Consumers do not set prices of fuel . Producers set the prices .