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Petrol Prices Going Back Up

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The AA fuel price report

The AA is reporting that recent increases in crude oil prices are now feeding through to pump prices. The falls in CPI recorded in November and December were due to decreasing fuel prices and the AA reports for those months back that up. But January's report shows that this is reversing so expect an increase in January's CPI when it is reported in February and more upward pressure in interest rates.

Keep monitoring crude oil prices. Looks like this is only going to get worse. (Or better if HPC is what you want!)

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Agreed that oil seems to be moving back up. I haven't done any technical analysis (charts etc) on it but know someone who has and from what Í remember them saying the level it's at now is above the weekly closing level they were looking for to signal much higher prices ahead. Not certain on that point though (anyone confirm?).

You can keep a check on oil, major international stock market, precious metals and currency prices here. http://www.kitco.com

Whilst this site is Australian, the movement in prices would still be relevant anywhere in the world. It shows the price of petrol and diesel direct from the wholesale supplier (which in this case happens to be a major oil refining company in Oz). The price changes will appear here before service station prices move and this is updated daily. Anyone got similar sites for other countries? http://www.caltex.com.au/pricing_ope_pri.asp

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The AA fuel price report

The AA is reporting that recent increases in crude oil prices are now feeding through to pump prices. The falls in CPI recorded in November and December were due to decreasing fuel prices and the AA reports for those months back that up. But January's report shows that this is reversing so expect an increase in January's CPI when it is reported in February and more upward pressure in interest rates.

Keep monitoring crude oil prices. Looks like this is only going to get worse. (Or better if HPC is what you want!)

this is good for HPC alright....even if rates dont rise,the rise in the cost of getting to and from work will dent spending anyway,making company cost-cutting even more likely.

unemployment is the key measure to watch now,and it's heading higher.

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Smurf1976.

CRB Index - overall everything is rising and has just broken out to new highs,

http://quotes.ino.com/chart/?s=NYBOT_CR&v=d6

http://quotes.ino.com/chart/?s=NYBOT_CR&v=dmax

Individual commodity prices available on this site too.

Thanks for the link to the charts. There's a definite pattern to this one and it's very worrying:

http://quotes.ino.com/chart/?s=NYMEX_CL.H06&v=dmax

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So oil prices may go up again - but will the inflation figures be massaged accordingly?

Considering huge rises in household bills last year (gas, electric and council tax) not to mention fuel, I still find it staggering that inflation is quoted at around 2%... or is this because you can now buy a plasma screen TV 30% cheaper than when they first came out?! What a fiddle... :angry:

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Diesel prices have gone up from 90.9p to 94.9p where I live. Falling oil prices after Katrina lead to falling CPI: oil is back up to $67, so I am expecting the CPI to rise again.

Check news blogs for articles on oil as I blog this subject.

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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