Oil prices have crashed, the Euro is at its lowest yet; but prices in the UK seems stuck. If oil is low that means importers transport costs have reduced; the Euro is in trouble; lowest exchange rate yet; but some goods made in Euroland maintain their prices and in some cases with UK importers and agents; price increases are imminent.....For example; bathroom products; ceramics and plastics including Aluminium products made in the EU. What is going on; it seems to me these people are profiteering; what do you think?
Prices in the UK remain high as OIL and the EURO CRASH.
- Thread starter gardener1214388
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I hold no brief for profiteering, but since oil is priced in US dollars, and the pound has fallen against the dollar, your reference to the tumbling Euro is irrelevant. It is reported that the energy companies placed contracts for the current winter a year or so ago, so they would have certainty of supply and could plan the cost and price. SSE, which announced a price freeze to appease Labour, has suffered especially badly, as they bought gas in advance and fixed their prices, not knowing that the price would then fall.
Petrol prices have fallen, as you must have noticed, because it reflects current market prices.
Thank goodness we aren't suffering under the plummeting Russian Rouble.
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again it all depends on contracted values
very few places like petrol stations will have an open supply with all the fluctuations off the spot market they will be tied to a larger more stable producer with often many months security off supply with fixed supply costs more average than day to day costs
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