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Topic: Fuel prices are down since Brexit - page 2. (Read 1398 times)

legendary
Activity: 1344
Merit: 1251
June 25, 2016, 08:06:31 PM
#15
Fuel down in price gives the goods transporters a smaller profit, instead of laying truckers off work, maybe now they will employ some more drivers.
Cheaper fuel means cheaper food does in not, well it should be.
Anyhow, since the oil went bottom dollar a few months ago, they never did change the VAT, fuckers should have compensated for that.

With the pound dropping, it makes for cheaper export of British goods also, thats a win too.

What is with imports?

With imports its is more expensive, the trade off with the dollar or Euro, if the pound is lower than them, then to buy from abroad is more costly.
You may say its swings and roundabouts, if the pound is higher at any moment, then goods that are imported get more expensive to buy.
So with a low £ its cheaper when some one imports from the UK , but not the other way around.

How much does the UK exports vs what it imports?

It imports more than it exports. Which means UK won't benefit from the drop, rather the contrary.

But anyway, people are too dumb to see on the long term, they're just happy to see the first positive effects...
legendary
Activity: 1540
Merit: 1000
June 25, 2016, 08:04:42 PM
#14
http://www.express.co.uk/finance/city/683140/Brexit-what-will-happen-to-house-prices-when-Britain-leaves-EU-referendum-2016-property

Housing prices are dropping in the UK, this actually affects me, housing prices will be cheaper so it will be easier to find a place once I earn some real money!
legendary
Activity: 1134
Merit: 1000
Soon, I have to go away.
June 25, 2016, 04:09:13 PM
#13
Fuel down in price gives the goods transporters a smaller profit, instead of laying truckers off work, maybe now they will employ some more drivers.
Cheaper fuel means cheaper food does in not, well it should be.
Anyhow, since the oil went bottom dollar a few months ago, they never did change the VAT, fuckers should have compensated for that.

With the pound dropping, it makes for cheaper export of British goods also, thats a win too.

What is with imports?

With imports its is more expensive, the trade off with the dollar or Euro, if the pound is lower than them, then to buy from abroad is more costly.
You may say its swings and roundabouts, if the pound is higher at any moment, then goods that are imported get more expensive to buy.
So with a low £ its cheaper when some one imports from the UK , but not the other way around.

How much does the UK exports vs what it imports?

In April 2016 the value of exports (EU and Non-EU) increased to £25.0 billion, and imports (EU and Non-EU) increased to £41.0 billion, compared with last month. Consequently the UK is a net importer this month, with imports exceeding exports by £16.0 billion.

https://www.uktradeinfo.com/Statistics/OverseasTradeStatistics/Pages/OTS.aspx  Date of Next Release:  8 July 2016
legendary
Activity: 2464
Merit: 1145
June 25, 2016, 03:41:28 PM
#12
Fuel down in price gives the goods transporters a smaller profit, instead of laying truckers off work, maybe now they will employ some more drivers.
Cheaper fuel means cheaper food does in not, well it should be.
Anyhow, since the oil went bottom dollar a few months ago, they never did change the VAT, fuckers should have compensated for that.

With the pound dropping, it makes for cheaper export of British goods also, thats a win too.

What is with imports?

With imports its is more expensive, the trade off with the dollar or Euro, if the pound is lower than them, then to buy from abroad is more costly.
You may say its swings and roundabouts, if the pound is higher at any moment, then goods that are imported get more expensive to buy.
So with a low £ its cheaper when some one imports from the UK , but not the other way around.

How much does the UK exports vs what it imports?
legendary
Activity: 1134
Merit: 1000
Soon, I have to go away.
June 25, 2016, 03:34:03 PM
#11
Fuel down in price gives the goods transporters a smaller profit, instead of laying truckers off work, maybe now they will employ some more drivers.
Cheaper fuel means cheaper food does in not, well it should be.
Anyhow, since the oil went bottom dollar a few months ago, they never did change the VAT, fuckers should have compensated for that.

With the pound dropping, it makes for cheaper export of British goods also, thats a win too.

What is with imports?

With imports its is more expensive, the trade off with the dollar or Euro, if the pound is lower than them, then to buy from abroad is more costly.
You may say its swings and roundabouts, if the pound is higher at any moment, then goods that are imported get more expensive to buy.
So with a low £ its cheaper when some one imports from the UK , but not the other way around.
legendary
Activity: 2464
Merit: 1145
June 25, 2016, 03:24:53 PM
#10
Fuel down in price gives the goods transporters a smaller profit, instead of laying truckers off work, maybe now they will employ some more drivers.
Cheaper fuel means cheaper food does in not, well it should be.
Anyhow, since the oil went bottom dollar a few months ago, they never did change the VAT, fuckers should have compensated for that.

With the pound dropping, it makes for cheaper export of British goods also, thats a win too.

What is with imports?
legendary
Activity: 1652
Merit: 1088
CryptoTalk.Org - Get Paid for every Post!
June 25, 2016, 02:59:28 PM
#9
So once again Britain has helped everybody. Well maybe not the frackers. Smiley

Maybe not the Scots either!  Grin

Ole Nicola is excitedly talking about independence again, but they'll all sober up once they look at the figures. If independence was too risky at $100 a barrel, what is it at $47 a barrel? lt is not like the EU has any money to subsidize the Scots, in the absence of the UK, they'll probably look to them to make a hefty payment.
legendary
Activity: 1134
Merit: 1000
Soon, I have to go away.
June 25, 2016, 02:57:16 PM
#8
Fuel down in price gives the goods transporters a smaller profit, instead of laying truckers off work, maybe now they will employ some more drivers.
Cheaper fuel means cheaper food does in not, well it should be.
Anyhow, since the oil went bottom dollar a few months ago, they never did change the VAT, fuckers should have compensated for that.

With the pound dropping, it makes for cheaper export of British goods also, thats a win too.
legendary
Activity: 2800
Merit: 2472
https://JetCash.com
June 25, 2016, 02:44:15 PM
#7
So once again Britain has helped everybody. Well maybe not the frackers. Smiley
legendary
Activity: 1652
Merit: 1088
CryptoTalk.Org - Get Paid for every Post!
June 25, 2016, 02:25:44 PM
#6
Now this surprised me - I was expecting a period of increased prices until the situation stabilised. I've just filled up with diesel fuel, and the price is down by 4p per litre. It looks as if the benefits from Brexit are arriving already. Smiley

It's because the oil price crashed after Brexit. The market's reasoning was Brexit would lead to slower EU growth, especially if tariffs slowed the EU's exports to Britain (the EU has a trade surplus with Britain), that would lead to lower manufacturing which leads to lower oil consumption - and hence the oil price collapsed.
legendary
Activity: 3066
Merit: 1047
Your country may be your worst enemy
June 25, 2016, 02:24:59 PM
#5
This isn't related to the brexit. The £/$ exchange rate, which has changed because of the brexit, will reverse that in a few days. There's always a delay...
legendary
Activity: 2800
Merit: 2472
https://JetCash.com
June 25, 2016, 02:06:09 PM
#4
I've just been talking to a friend - he's a TIG welder at a small local manufacturing company. They've just increased his working hours from 7am to 7pm to cope with current orders. Now I can understand that, buyers are taking advantage of the low pound. I just hope Cameron doesn't punish us by pushing it up.
legendary
Activity: 2464
Merit: 1145
June 25, 2016, 10:37:54 AM
#3
 Cheesy

 Roll Eyes

 Cry
full member
Activity: 210
Merit: 100
narrowpathnetwork.com
June 25, 2016, 10:15:52 AM
#2
I noticed it also. So happy I voted out  Smiley
legendary
Activity: 2800
Merit: 2472
https://JetCash.com
June 25, 2016, 09:52:47 AM
#1
Now this surprised me - I was expecting a period of increased prices until the situation stabilised. I've just filled up with diesel fuel, and the price is down by 4p per litre. It looks as if the benefits from Brexit are arriving already. Smiley
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