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Anyone else noticing the slow but sure rise in prices over the last few weeks?

Yes, I noticed...despite falling oil prices.

They must think we are mugs....history shows we are !!!

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The UK population is now so acquiescent to anything - look at everyone hunched over their Facebook apps, and the reality / talent crap on TV. Apathy rules - that's why housing isn't even a major issue for the younger generations - they're just taking it. Live at home til you're 30, don't have a family, or have one very late. Mass immigration producing crap wages and more job competition. All of these things are attacking the younger generations, but hey.....at least they have Facebook profiles - we didn't have them in my day.

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The low was late 2008 and it took months to build a major rally, hardly snapping back

WTI now sub 43 and trend remains down tho# FED today may end the downtrend if $ pulls back

Outlook is $ remains in LT bull mkt thus sub $30 in the offing over next year or 2.

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The market knows people will pay £1.50 for the stuff, why should it be priced competitively ?

The thing is...people stopped paying, sales dropped, revenues dropped, people were driving slower.

We reached peak affordability and then some.

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The pound has been steadily dropping against the dollar, so any losses are kind of covered with that too. I was complaining the other day in my area it had actually gone up some more, about 6-8p a litre, but looking at the currency market I can see how.

However, if sterling rallies....

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The pullback in $ is now with us. Oil could rise sharply.

However $ remains in l t bull so can see $20-25/barrel next yr or 3.

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The price of LPG Autogas is also creeping up. And the regional differences are staggering. In rural Hampshire the price is c. 70p a litre. Looking at Birmingham yesterday whilst planning a work trip and you can find it for 45p. On a full fill that's £16 difference. When filling up every 2 days for my 135 mile daily commute into London, it really adds up over the years.

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The price of LPG Autogas is also creeping up. And the regional differences are staggering. In rural Hampshire the price is c. 70p a litre. Looking at Birmingham yesterday whilst planning a work trip and you can find it for 45p. On a full fill that's £16 difference. When filling up every 2 days for my 135 mile daily commute into London, it really adds up over the years.

I think this is reflected across the board, For some reason pricing now seems to be much more variable for all fuels, for no apparent reason.

You can imagine where the ONS are getting all their fuel inflation figures from! Manipulator's dream.

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Maybe it's in expectation of the "Siberian Freeze" in the UK - forecast last Saturday on the front page of the express

I remember my mate telling me very matter of factly years ago that the Daily Express was obsessed with the weather, something I'd not particularly registered at that point. Since then I always have a chuckle to myself when I catch sight of or hear of another weather headline. Have to concede he was right. Also they seem obsessed with house prices and princess diana, although more recently maddie mccann

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The pullback in $ is now with us. Oil could rise sharply.

However $ remains in l t bull so can see $20-25/barrel next yr or 3.

There's now a massive oil glut worldwide. Until that's worked off prices will continue to be soft, temporary currency fluctuations notwithstanding. Plus, the US econ is likely to follow the shale cowboys into the can later this year making prices softer still. Frankly, they'll be giving the stuff away for nothing if China and the US implode together.

Edited by zugzwang

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The UK population is now so acquiescent to anything - look at everyone hunched over their Facebook apps, and the reality / talent crap on TV. Apathy rules - that's why housing isn't even a major issue for the younger generations - they're just taking it. Live at home til you're 30, don't have a family, or have one very late. Mass immigration producing crap wages and more job competition. All of these things are attacking the younger generations, but hey.....at least they have Facebook profiles - we didn't have them in my day.

it's not apathy though...it's mass hypnosis/aka brainwashing...and it's been going on for at least the last 20 years.

just look around you...same goebbels "big lie" technique in use.

our kids need a history lesson sharpish, because those who fail to learn from history, are doomed to repeat it.

this ain't a joke, there is indeed another hitler lurking just around the corner,and we ned to man up, skill up, tool up and shape up pretty damn quick.

Edited by oracle

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this ain't a joke, there is indeed another hitler lurking just around the corner,and we ned to man up, skill up, tool up and shape up pretty damn quick.

I don't think Hilary Clinton is really quite that bad...

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Any day now someone will offer to overthrow the bankers, use bankers as a easy direction of hate. much like hitler did with the Jews.

the boom and yet again imminent bust is caused by basic human greed. The damage is done in the boom times, the ultimate effects are shown in the bust times.

it happened to Germany, soon to happen here, how are we any different?

History is doomed to repeat, and sadly I would find myself cheering at bankers decorating lampposts. probably even help string them up.

Why? I guess it's just human nature.

Although for many years I found that period of history very dark. couldn't understand it, but when you are faced with the reality of crap quality of life you do want to lash out at those you feel (not logically) Contributed most to it. and in an odd way I actually find myself understanding the thought process of millions of Germans back then.

So I find myself feeling very neutral to that period of history now, it was definitely wrong. but the current world we live in of corruption lies and propaganda is also very wrong. perhaps we all need a fake idol to tell us what we want to hear, Tell us it's not our fault. give us someone to direct anger towards.

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I can see WTI going up to $70, currently still sub £50. Would be normal reaction to move from $110-$44. Will take weeks or a few months.

70/30 this happens or goes back down to the lows and then onto the $30s.

If goes back to $70 then $30s still on the cards.

Edit to alter probabilities

Edited by Killer Bunny

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I can see WTI going up to $70, currently still sub £50. Would be normal reaction to move from $110-$44. Will take weeks or a few months.

50/50 this happens or goes back down to the lows and then onto the $30s.

If goes back to $70 then $30s still on the cards.

So it might go up or it might go down? :wacko:

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£1 Litre is a nice round number - I find it hard to see it going beneath that. It tried, but retail prices have bounced from about 108p to 112p/L 4 star.

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