Thursday, October 23, 2008

Oil prices tumbled below $67

So BN... when is the next fuel price reduction, end of this month?

Prices of most goods has increased and I don't see it being reduced as the price of fuel decreases. Most of the time "what goes up stays up" here in Malaysia.

http://www.drivingethanol.org/promotions/images/oil_barrel.jpg Oil falls to 16-month lows on US recession fears
http://biz.thestar.com.my/news/story.asp?file=/2008/10/23/business/20081023074126&sec=business
NEW YORK::
Oil prices tumbled below $67 to 16-month lows Wednesday after the government reported big increases in U.S. fuel stockpiles - more evidence that the economic downturn is drying up energy demand....


Consumers to gain from lower global prices
http://www.nst.com.my/Current_News/NST/Thursday/Frontpage/2383269/Article/index_html
PUTRAJAYA: Consumers can expect a drop in prices of non-controlled items soon as manufacturers take heed of the steady decline in global prices of commodities and fuel....

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