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Author Topic: Fuel Price Watch:- Fuel prices and other falling prices, Deflation Risk?  (Read 8520 times)
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Omega 365
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« on: October 15, 2014, 01:42:11 PM »

Well must be worth a few words, we are quick to jump on price rises.

It's about supply and demand and when supply is high and demand low then the price drops.

So cheaper fuel and food at the moment.

And interest rates staying low for a bit longer I think.

Now here is my forecast, I think we are going to see some strange forces in play resulting in more price falls, not just fuel but in other areas. But fuel could well be the leader in falling prices and if that gets cheaper it has a knock on on all other goods.

So what do you think, falling prices could you live with it?
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Parky
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« Reply #1 on: October 15, 2014, 03:03:38 PM »

I can live with it, Dave, but what I hate is the profits these oil companies are raking out of our pockets.  Wholesale prices have dropped massively in the past month, but fuel to us has dropped by about 4p/litre. 
Grump over!   Angry Angry
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ßob
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« Reply #2 on: October 15, 2014, 03:25:53 PM »

According to the media, the drop is caused by supermarket price wars.
We can thank Lidl and Aldi for putting the wind up the big boys.
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« Reply #3 on: October 15, 2014, 04:12:40 PM »

I do wish the shops would stop playing with prices

I have been noticing that one local supermarket keeps changing prices up and down more than a Yo Yo  - - but when I watch it they put the price up the week before the end of the month
Remembering that supermarket managers get paid a bonus for profitability might show why and could be why the price at HIS petrol station has just gone up when everyone else is saying they are going to reduce the price

So it appears he's put it up before it comes down  Huh

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Omega 365
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« Reply #4 on: October 15, 2014, 05:36:09 PM »

I can live with it, Dave, but what I hate is the profits these oil companies are raking out of our pockets.  Wholesale prices have dropped massively in the past month, but fuel to us has dropped by about 4p/litre.  
Grump over!   Angry Angry

Yep but the pressure is on, demand is falling fast, going to be casualties
Expect more reductions for some time, oil prices are just the first, more to come but on their own they will impact other commodities.
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Omega 365
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« Reply #5 on: October 15, 2014, 05:41:50 PM »

http://rt.com/business/196092-oil-glut-5-year-low/
Massive drop in demand, industry is using less as are consumers, alternative power is also playing its part
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Omega 365
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« Reply #6 on: October 15, 2014, 05:47:38 PM »

I do wish the shops would stop playing with prices

I have been noticing that one local supermarket keeps changing prices up and down more than a Yo Yo  - - but when I watch it they put the price up the week before the end of the month
Remembering that supermarket managers get paid a bonus for profitability might show why and could be why the price at HIS petrol station has just gone up when everyone else is saying they are going to reduce the price

So it appears he's put it up before it comes down  Huh



They all play the Yo Yo game you just need to buy in bulk when prices are low
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Omega 365
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« Reply #7 on: October 15, 2014, 06:14:13 PM »

You may see deflation and may see the benifits of falling prices. But deflation can be a bad thing, just think about it, if the value of your money buys more and more as time goes on then the value of any loans also goes higher with time.

More here http://www.theguardian.com/commentisfree/2014/sep/07/deflation-secular-stagnation-europe-economic-nightmare
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Madcaravanner
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« Reply #8 on: October 15, 2014, 06:29:32 PM »

I do wish the shops would stop playing with prices

I have been noticing that one local supermarket keeps changing prices up and down more than a Yo Yo  - - but when I watch it they put the price up the week before the end of the month
Remembering that supermarket managers get paid a bonus for profitability might show why and could be why the price at HIS petrol station has just gone up when everyone else is saying they are going to reduce the price

So it appears he's put it up before it comes down  Huh



They all play the Yo Yo game you just need to buy in bulk when prices are low

LOL
We DO as both cars are Diesel we fill up BOTH cars from the same pump especially with a 20p a litre off coupon from the big T store so as my car holds 70 L and Steph's take 50L at max capacity we buy quite large amounts  especially as they don't like me filling the 25L Jerry cans at the same time
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« Reply #9 on: October 15, 2014, 11:11:41 PM »

Prices have dropped quite a lot in the past 2 months - no so the prices at the pumps though. They have only dropped by a penny or two.

http://www.nasdaq.com/markets/crude-oil.aspx

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« Reply #10 on: October 16, 2014, 08:19:28 AM »

I've bought cars AND insured them for less than what it costs to fill my car up nowadays!
 Angry Angry
Another grump over.  Cheesy
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Omega 365
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« Reply #11 on: October 16, 2014, 10:53:10 AM »

I think it will keep falling.

inflation in te Eurozone is justy 0.3% almost at deflation very dangerous for Europe and we are going that way.
If we get to deflation, that means demand will fall, prices fall more, then prioduction gets reduced, jobs go, demand falls and so on
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Omega 365
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« Reply #12 on: October 17, 2014, 08:35:40 AM »

Well here we go,

Slow Global economic growth

Falling Commodities Prices

Stock Markets Falling

Demand Down

That all you need for deflation, Christmas may hold it off for a short time but then that's it I think we will be into deflation early next year.

Fuel is a good indicator, we are down to

Derv £126.7
Unleaded £123.7

Check your lowest price for your area here http://www.petrolprices.com/
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ßob
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« Reply #13 on: October 17, 2014, 10:56:25 AM »

Milk is now being sold so cheap the farmers are paid less per litre than it costs them to produce so watch out for a sting in the tail of price drops later.
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Omega 365
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« Reply #14 on: October 17, 2014, 05:20:06 PM »

Milk is now being sold so cheap the farmers are paid less per litre than it costs them to produce so watch out for a sting in the tail of price drops later.

The sting is job losses and deflation, people won't spend as everything will be cheaper tomorrow.
And the value of loans will grow in real terms.
Yes Bob and the farmers are not milking it but they can't drive prices up, only falling supply will do that
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