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Author Topic: Fuel Price Watch:- Fuel prices and other falling prices, Deflation Risk?  (Read 8491 times)
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Jo Parker
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« Reply #15 on: October 17, 2014, 10:28:36 PM »

According to Iceland , they are still paying farmers the same price and absorbing the cost for cheaper milk themselves. (BBC news)
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Another1
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« Reply #16 on: October 18, 2014, 05:20:11 AM »

@ work we get a text giving us the price falls/raises in the area in which we are travelling. According to said text fuel prices are to fall again from midnight sunday. Smiley
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Omega 365
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« Reply #17 on: October 18, 2014, 08:10:49 AM »

More to come this is the tip of the iceberg as prices across the board continue to drop, next thing is saving start to increase, consumers force prices lower, then you have it.

Even Wall Street are on to it, must have been reading my thread  Grin

http://blogs.wsj.com/briefly/2014/10/16/is-europe-entering-a-period-of-deflation-the-short-answer/
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« Reply #18 on: October 18, 2014, 11:46:50 AM »

According to Iceland , they are still paying farmers the same price and absorbing the cost for cheaper milk themselves. (BBC news)
According to local dairy farmers (BBC news) the current price they receiveis 28p a litre and falling, with the minimum wage as it is, they have to suppliment income by selling raw milk and dairy produce to try and make ends meet but before long the herd will be sold off. If too many dairy farms close, more imported and higher priced produce..
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Omega 365
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« Reply #19 on: November 07, 2014, 01:42:44 PM »

Well I said it would keep falling and there is more to come

Here was the price near us on October 17th


Diesel £126.7    Unleaded £123.7


And now

Diesel £124.7    Unleaded £120.7

You can add to that
House Prices

Halifax reported House prices dropping 0.4 per cent in October.  http://www.independent.co.uk/property/house-prices-now-falling-says-halifax-9843345.html

Food Prices

World food prices tracked by the United Nations fell for a seventh month in October, the longest slide since 2009
http://www.bloomberg.com/news/2014-11-06/world-food-prices-drop-a-7th-month-in-longest-slide-since-2009.html

If that's not the start of deflation, then I don't know what is
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Omega 365
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« Reply #20 on: November 08, 2014, 11:28:28 AM »

Anyone got fuel cheaper in their area, you can check it here just pop a postcode in http://www.petrolprices.com/
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Omega 365
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« Reply #21 on: December 17, 2014, 08:59:51 AM »

Well as I predicted fuel prices are still dropping and I think they have a lot more left to drop.

Current price today

Diesel £118.7.      Unleaded. £112.7


What's it costing near you, that's a big drop on the last time we looked, and it's still falling


And it looks like interest rates may not go up. Again fending off what I think will happen Deflation.
"Ms Cameron said: "It is absolutely crucial for business and the economy that interest rates are not increased, particularly given the risk of deflation. Entering a period of deflation would be detrimental to the UK economy, potentially reducing consumer spending at a time when economic recovery is still in its early stages."

That's a quote from http://www.heraldscotland.com/business/markets-economy/scottish-chambers-warns-of-deflation-risk.114748728
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Omega 365
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« Reply #22 on: December 17, 2014, 09:33:59 AM »

A £ a litre could be on the cards

http://www.bbc.co.uk/news/business-30507970
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Omega 365
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« Reply #23 on: January 06, 2015, 10:24:08 AM »

Falling rapid now and more to come. Deflation is on its way.

We are down to

Derv £114.7
Unleaded £107.7

Check your lowest price for your area here http://www.petrolprices.com/
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Omega 365
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« Reply #24 on: January 06, 2015, 06:35:16 PM »

Looks like the euro zone is on the verge of deflation if not in it, they are looking at QE again (printing money) they will never learn you can't buck the markets, they will just end up pushing the Euro lower and DEflation will remain. Question is will we be able to stay out of it or will they drag us down with them.

Fuel prices could hit that £1 a litre mark
Food prices are still falling.
And we have an election on the way.

So where we going, any offers?
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Omega 365
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« Reply #25 on: January 06, 2015, 09:11:44 PM »

Update on the fuel, just passed the local Morrisons and its down again

Derv 113.9
Unleaded 106.9

Anyone got it cheaper?
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ßob
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« Reply #26 on: January 07, 2015, 11:36:01 AM »

Radio said this morning unleaded will soon be under a pound, so happy I switched from diesel. £1.05.9 Sainsbury's
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Ian & Ann
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« Reply #27 on: January 07, 2015, 07:15:55 PM »

Ian had diesel for 98p a ltr in December. We had 20p per ltr off at Tesco.


Ann
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Omega 365
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« Reply #28 on: January 09, 2015, 07:41:41 AM »

oil prices have fell significantly http://www.nasdaq.com/markets/crude-oil.aspx

UK lowest prive at the pumps is now

Unleaded   105.7p
Diesel      112.7p
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jessymoo
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« Reply #29 on: January 09, 2015, 01:13:39 PM »

Because we live in an area where there are lots of celebs footballers and money people filling stations charge more here than in other areas. Sad We are considering going elsewhere for fuel while we are out and about.
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