and why do I say that? Prices of oil have hit the roof with historic heights. US $93 per barrel and it might just cross the US $100 dollar mark if the tension in the Middle East are not resolved. Adding salt to the wound of car owners, LTA announced the 3rd round of increase for ERP this year last night. With the new increase, you can see that some gantry have hit the $5 mark.

Before going on, let us ask ourselves this.

Does this effectively decrease the number of cars on the road?

No it does not. In fact with the drop of COE, there are more cars on the road than before.

If it does not decrease the number of cars on the road then why does LTA keep increasing the ERP? This just doesn’t make any sense to me.

On one hand, LTA allows more car ownership on the other hand, they keep increasing the ERP to decrease the cars on the road. Aren’t they slapping their own face by doing so?

Maybe it’s not that bad after all. The roads would be less congested during peak hours with all the beautiful cars all parked nicely in their respective carparks in HDB because it cost more right now to drive that piece of scrape metal on the road.

Besides ERP, the price of petrol have once again increased. There is no surprise here. Petrol comes from crude oil so if the price of crude oil increase, how can the price of petrol stay the same?

How many times did the price of petrol increase this year? I lost count. Guess my ten little fingers just weren’t enough to keep track. I did a search and this site came up. Petrolwatch.com.sg have a updated list of petrol prices in Singapore.

With all these price hikes, would I still drive my scrape metal on the car?

Nah! I think my scrape metal would join the other scrape metal at the HDB parking for now.