I really love the fact that gas prices have been going down. It’s a good deal for almost everyone.
It’s already resulted in a lower minimum fare.
Retail goods shouldn’t go up too much as well, because of lower cost of transport.
Were it not for the looming energy crisis, power rates could have been expected to go down as well.
And for a car owner like me, it just gives your budget some breathing room.
But actually, gas prices aren’t the only big expenses when it comes to your car. The cost of just owning it is pretty steep. You’ll likely need insurance, even if the most basic kind. In addition to that: registration fees, parking fees, maintenance service, replacement parts…
It’s still cheaper to take public transport. But of course, public transport here in the Philippines is not without its own hassles.
I guess that’s why there’s been some great innovations on personal transportation vehicles (segways, personal cars).
Oddly enough, the answer could be relatively old-school – bikes. Especially the folding bikes.