Thursday, Mar 27, 2008
There is no inflation, Gordon repeat after me again, there is no inflation, the caterpiller said
CNN: Diesel: The truck stops here
The kid who delivers your pizza may be charging you an extra buck for gas, but for the guy that trucked the tomatoes, hauled the dough or milked the cows, passing along the fuel increase isn't as easy as pie.
From truckers and farmers to loggers, construction workers and fishermen, skyrocketing diesel prices are pushing what many consider the backbone of the American economy right up to the breaking point.
It is the same in the UK now...
Posted by mark @ 02:45 PM (590 views) Add Comment
5 Comments
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1. p. doff said...
Cheap 'red diesel' for offroad use (pleasureboats) to disappear later this year due to tax changes blamed on EEC directive. More money for Darling!! Contrary to what you might think, this affects the average middle England type more than the wealthy with their big boys toys.
2. rocket robbie said...
I work for a european transport company and know only to well of the problems the increasing fuel costs are causing. Untill recently we could take advantage of the cheap diesel in Belgium but now the difference is minimal. Most of our customers are paying a yearly increase we are still making up the short fall.
What really gets me is that when our trucks go to Europe we either pay road tax or tolls. But European trucks come over (alot of which wont pass a mot) scott free and steal our exports becuase there running costs are cheaper than ours.
3. mark said...
rocket I know what you mean the bunch that deliver to Aldi are terrible drivers, abuse the local neighborhoods , go to toilet in alleyways around area, park in residential areas... the list goes on... plus they dont pay for using our roads... we in fact build nice big motorways for them to pass through to Eire
4. hpwatcher said...
The fact that the CPI is so wide of the mark is becoming a national scandal; this innacurate measure is being used as an excuse to cut wages, by GB.
5. robh said...
The RPI and CPI come under a lot of attack.
Isn't the problem more that the consumers change? When things are ticking over 'nicely' with houses inflating and house equity flowing into the shops to buy TVs and Playstations, the CPI/RPI are a fair indicator for the cost of living in that situation. Suddenly everyone is broke and stops buying things apart from essentials for life and there are complaints about the index. An index has to remain broadly comparable year on year and for many years consumers have been merrily consuming
An index is bound to be a generalization, but one that was for food, heat, water, transport, and council tax type expenses would be seen as more useful to people in harder times and would be a better basis for benefits and pensions