oil price watch!

          As our life changes, things seem to be on their rapid evolution too. As cost of living increases into its highest point, some things were meant to be on its peak too.


         Gas prices were all but the same as how we live our life. It rises in no particular time and falls without a word. Though, this fall may take a long time.


         As we talk about Gas price changes, a Facebook page has been establish to watch it too. It's the Philippine Gas Price Watch, as this page gives recent updates on the oil price hikes and rollbacks in the Philippines. One article was recently posted by a follower, telling about the oil price roll back. 

         Comparing the price range of our crude oil between other countries, it is clear that we have the lowest prices in ASEAN countries, considering our cost of living and way of life.

photo from: Philippine News Network

          In tiger countries like China and Singapore, crude oil may be one of their primary needs and listed on the one of the most pricey necessity. Considering the high cost of living in these countries, it is possible that crude oil would be as expensive as gold.

     We are one of the countries who imports petroleum the least. 

photo from:filipinofreethinkers.org

         Having to compare and convert the prices of Singapore to the Philippines, as done by Numbeo, the cost of living in Singapore and Philippines have a big difference. Also, having more resources than the other countries and Filipino as more inventive.

         On the contrary, Philippines, though having a lower cost of living than these countries, we also have the most number of people -larger population, lower paychecks and most number of unemployed and underemployed Filipinos.

          This calls for a change, not just on oil prices but on our paychecks!