BS: Gas increases again

Subject: BS: Gas increases again UK
From: Arthur_itus
Date: 12 Nov 10 - 09:54 AM

Here we go again. Increases of 9% or that region are planned with several companies.

How come these companies can increase their prices by such a high %.

Maybe ther should be a wage and salary freeze and a freeze on all service companies prices until we get out of the massive debt.

The same should apply to all banks.

Quote from BBC News
The announcements could be the start of a trend, according to Ann Robinson of price comparison website Uswitch.

"After a two year lull, household energy prices are about to resume their steady climb upwards again," she said.

"Unfortunately for consumers, the 8% or £99 reduction seen over the last two years failed miserably to reverse the impact of the 42% or £381 increase seen in 2008. And now, whatever small benefit was seen is about to be wiped back out again."

She said the average household bill for a dual-fuel British Gas customer would now go up from £1,157 to £1,239.

Watchdog Consumer Focus argued that energy companies were shifting risk on to customers.

"British Gas and other suppliers respond to forward energy prices, and that will be their argument that price rises are needed," said Adam Scorer, from Consumer Focus.

"However, wholesale prices are around half of their peak in 2008 and yet in the same period customers prices were cut by less than 10%.

"Consumers will feel that suppliers did not make cuts when conditions allowed it, but are covering their profit margins as wholesale prices nudge up. At a time when there are reports of a gas glut it seems that consumers take on all the risk in this market."

Unquote

Come on condoms get a knicker grip on this.

Subject: RE: BS: Gas increases again
From: GUEST,kendall
Date: 12 Nov 10 - 11:28 AM

It's going to get worse when the Fed starts printing more money. All it does is lower the value of the money and price increases have to follow.

Subject: RE: BS: Gas increases again
From: Jack the Sailor
Date: 12 Nov 10 - 11:33 AM

The Feds in the US printing money, if it has an effect in the UK will probably tend to lower prices there.

Subject: RE: BS: Gas increases again
From: Q (Frank Staplin)
Date: 12 Nov 10 - 01:57 PM

Light Crude trading price reached US$88 but has retreated to $86 today.
Demand will continue to grow. There may be temporary price drops, but expect price increase over the long haul.

Americans complain about the price of gasoline, but the price is much higher in Europe- and historically has been higher.

Subject: RE: BS: Gas increases again
From: Jim Dixon
Date: 12 Nov 10 - 02:36 PM

I thought Spaw was having another one of his "spells."