I have just been looking up business owners and some of them are having their bills going from 15k a year to 60-70k a year. Similar 3-4 fold increase across the board for business owners. They can't all increase their prices by that much, so what will happen?
Energy Prices (Strictly NO referrals!)
- Thread starter DXP55
- Start date
Soldato
Print money
Beats clapping for the NHS
I'm not disagreeing, I found it quite apt.
Yes nearly 50 years and it is all too relevant
Caporegime
I saw a graph the other day saying gas/oil prices have gone back to pre-Ukraine prices, so why is it still going up another 2/3 times?
Soldato
I wonder if there's any other choice. Just kick the can a bit further down the road. In two years it will be Labours problem...
Natural gas wasn't cheap before Ukraine kicked off, depends how far back you want to go. Check the 5 year graph here.
Oil and gas are different products.
It's just creates inflation
Soldato
But what's the alternative?
Don't know but it won't be good.
Caporegime
I'd like to see what graph you were looking at to infer that gas was back to pre Ukraine prices, briefly in early June perhaps but since then its been going up higher and for a more sustained period (with no end in sight) than it ever has.
Highly likely the data was wrong, or you interpreted it incorrectly.
The gas price is now above 650p per therm which is probably the highest it‘s ever been for a sustained period.
Soldato
Ah no they'll put up rates to control that.
Oh dear, actually I'm not sure it's going to work.
Will they include subsidised prices in inflation or actual prices, what a wee pickle
So unless they nuke Russia and get control of the gas and oil we're all going to go bust. Why did we invade Iraq again?
Caporegime
Crude oil I'm referring to, apparently