1 + 1 = 2,106 ???

Yesterday, the peso soared as it hit a 7-year high of 44.35 to a dollar.

Gas prices, however, are still on an all-time high. These are the current prices of petrol in the Philippines, I took these just about an hour ago. I remember (was it only last year?) when the peso was 55+ to a dollar, gasoline prices cost this much already. Correct me if I'm wrong, a barrel of crude oil right now costs about $80.00 plus or minus, that's still not a a lot compared last year as it fluctuated to about $70.00 last year. A gallon is 3.7854 liters, if the peso right now is 44.35, a gallon of premium gasoline would cost about $3.65.

Yes, gasoline companies do sometimes rollback prices. Say about 10 to 25 Philippine cents per liter. But everytime there is a slight rise in crude oil prices, they jack up their prices to about 1 to 2 pesos per liter.

The goverment insists our economy is booming. Who or what were they referring to??? The economy of their pockets or their Swiss bank accounts???

I just don't get it.

What do you think???