Ok, so lots of prices went up when oil went over (and beyond) the $100 a barrel mark earlier this year.
So with yesterdays oil price (below $83 a barrel) when can we expect prices to start falling and becomign affordable again?
Will the British fuel companies reverse some of their earlier 35% price hikes now oil is cheaper (one of the reasons they were claiming they had to put the prices up)? Or will it quietly be forgotten and they reap in more profit whilst low-medium wage earners, the unemployed and pensioners worry about switching on their heating this winter?
EDIT: It seems that Gordon Brown also reads my blog and agrees with me - Brown Demands Petrol Price Cuts (http://news.bbc.co.uk/1/hi/business/7662918.stm)
So with yesterdays oil price (below $83 a barrel) when can we expect prices to start falling and becomign affordable again?
Will the British fuel companies reverse some of their earlier 35% price hikes now oil is cheaper (one of the reasons they were claiming they had to put the prices up)? Or will it quietly be forgotten and they reap in more profit whilst low-medium wage earners, the unemployed and pensioners worry about switching on their heating this winter?
EDIT: It seems that Gordon Brown also reads my blog and agrees with me - Brown Demands Petrol Price Cuts (http://news.bbc.co.uk/1/hi/business/7662918.stm)
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angusabranson- Angus Abranson
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Comments
IMO the best thing for the government to do for the economy and the nation would be to re-nationalise the lot of them and then lower prices to a sensible level. But then I believe that its always in the national interest to have state run utilities, public transport, schools and hospitals. Just because in the past they have sometimes mis-managed doesn't mean state run HAS to be mismanaged, or that privately run = well managed.
Well. Apart from all those people who signed into those 5-year fixed price deals. they are proper-fucked!
But fuel prices do tend to go up and then stay up and drop a couple of pence to stop riots, but given the gigantic profits fuel companies and oil suppliers are raking in it's just insulting that the elderly are having to choose to spend thier minimal pension on fuel or food, and really disgusting. These things really need to be regulated.
I read an article written by an economist post the Wall St Crash, and he was saying that self regulation does not work - apparantly we learn from history, but all it really does is repeat itself.
Just saying.