cost of oil

[johntywino]

Why is gas and electric so high??? The excuse on tv today is that gas and oil is purchased 6-12 months in advance,so now the oil price has halved it will take 6-12 months for OUR prices to follow suit!. Surely this means that our prices shouldnt go UP until 6-12 months AFTER the oil price rose????Or am i confused.com?

[jake-the-peg]

Depends on when it was bought but don't hold your breath it's bought in $ and the pound has declined significantly against the $ in recent weeks.

That's really good news for British exporters who don't use lots of energy bad news for imports and those who use lots of energy.

On balance though a really strong pound is not good for British jobs when times are tough

[123everton]

Cos it's a private monopoly.

[tufty7]

I am just about to chuck an hand grenade into this question , we only have Margaret Thatcher to blame for the this sad situation, The break up of the government supplier and the introduction of greedy companies and greedy shareholders have everything to do with the high prices we have at this time, All we need is faireness across the board and transparancy , it may have been years ago but is still very relevant to the situation we find ourselves in .........