RON97 to increase 15 sen further on 1-Jan-2011?

Merry Christmas and Happy New Year!!! Let's party before facing the new reality on 1-Jan-2011...

I really hope my prediction don't come true but it seems like all the indicators are pointing towards increase of 5 sen for RON97. I listed down here 3 reasons why I think RON97 will increase 15 sen to RM2.45 per litre on 1-Jan-2011 or about 7 days from now...

1. Crude Oil Price has increased from US$84.65 (as of 30-Nov) to US$91.51, representing 8.1% gain within a month. 8.1% of RM2.30 is 18.4 sen, round it down, become 15 sen, just nice as the same increase on 1-Dec-2010.

2. The historical increase suggested so. Let's look at  the historical price increase of RON97:

• 1st Sep 09: RON97 up 25 sen to RM2.05 per litre, RON95 was introduced at RM1.80 per litre
• 15th July 10: RON97 up 5 sen to RM2.10, RON95 up 5 sen to RM1.85 (RON 97 no longer subsidized, price will be subject to managed float)
• 1st Nov 10: RON97 up 5 sen to RM2.15, RON95 maintained at RM1.85 per litre
• 1st Dec 10: RON 97 up 15 sen to RM2.30 per litre, RON95 maintained at RM1.85 per litre

In the past 2 months, RON97 has increased 2 times. Making it a hat-trick increase 3 times in the past 3 months sounds good, isn't it?

3. There is no reason for people to complain about price increase of RON97 because RON95 is maintained at RM1.85. If you complain about expensive RON97, you always have alternative to use RON95.

Conclusion:
For those of you who is still using RON97, sorry to inform you about the "Inconvenient Truth"...