The AGSB Advantage
Expect the price of gasoline to go up further. (Activists, drivers, Piston, do not mislead people with your rhetorics and ranting that oil companies are the culprits) Oil prices are up because Iran has cut off oil supplies to France and the rest of Europe as preemptive action on planned embargo on Iran. OPEC, on the other hand ensures that supplies are low to ensure prices remain high.
Then it is still winter and heating requirements drive up energy consumption. Then there is a threat that US might launch a preemptive strike vs Iran. It is driving every body nervous further causing tensions to increase and the prices of oil too. It is now $4.00 per gallon in the US (they are used to $l.00 per gallon before) The USD 4/gallon translates to PHP 44/liter (it is the current price now in PHL)
D Trump suggests that price could go up to USD 7/gallon or that would be P77.00 per liter. Car owners brace for the high prices.
Will these affect fares?
Will this be inflationary?
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