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Petrol price raised again
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<blockquote data-quote="Indecided" data-source="post: 536439"><p>Penny wise pound foolish, you mean to quote.</p><p></p><p>Err.. Well I guess people don't see pass the logic. Since something is rising in price, might as well get the best of it before it goes up.</p><p></p><p>However, I bet they didn't factor in the opportunity cost of :</p><p></p><p>1) lining up at the petrol station with engine on</p><p>2) the activities you could be doing instead of sitting at a petrol station</p><p></p><p>I was in SS2 and Shell was belagured by cars. Same went with DJ.</p><p></p><p>Rough calculations for my car, based on the fact that my car will hold about 50 liters of petrol, previously it would cost me about RM70 for a full full tank.</p><p></p><p>with the 10 cent increase from 1.42/lit to 1.52, it would cost me RM76 instead.</p><p></p><p>So since RM70 gets me about 420km, i pump petrol every 5-7 days. Taking the mean, about 5 times a month, 60 times a year.</p><p></p><p>so this ten cent increase means that in an average year, i will pay RM6 * 60 more. Hmm, RM360. About a dollar a day.</p><p></p><p>Now RM360 is about.. 1 month's petrol. Yikes. But one tank won't really help, except by 1/60th.</p></blockquote><p></p>
[QUOTE="Indecided, post: 536439"] Penny wise pound foolish, you mean to quote. Err.. Well I guess people don't see pass the logic. Since something is rising in price, might as well get the best of it before it goes up. However, I bet they didn't factor in the opportunity cost of : 1) lining up at the petrol station with engine on 2) the activities you could be doing instead of sitting at a petrol station I was in SS2 and Shell was belagured by cars. Same went with DJ. Rough calculations for my car, based on the fact that my car will hold about 50 liters of petrol, previously it would cost me about RM70 for a full full tank. with the 10 cent increase from 1.42/lit to 1.52, it would cost me RM76 instead. So since RM70 gets me about 420km, i pump petrol every 5-7 days. Taking the mean, about 5 times a month, 60 times a year. so this ten cent increase means that in an average year, i will pay RM6 * 60 more. Hmm, RM360. About a dollar a day. Now RM360 is about.. 1 month's petrol. Yikes. But one tank won't really help, except by 1/60th. [/QUOTE]
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Petrol price raised again