Fuel prices are down since Brexit

[Jet Cash]

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.

[RealityTruth]

I noticed it also. So happy I voted out 

[criptix]

 

 

 

[Jet Cash]

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.

[countryfree]

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...

[alyssa85]

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.

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.

[Jet Cash]

So once again Britain has helped everybody. Well maybe not the frackers.

[Racey]

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.

[alyssa85]

So once again Britain has helped everybody. Well maybe not the frackers.

Maybe not the Scots either!  

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.

[criptix]

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?

[Racey]

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.

[criptix]

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?

[Racey]

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

[Lethn]

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!

[mOgliE]

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...

[BitcoinjunkieZ]

Maybe the War is since then a little more direct. Without any Fun since GB leaved the EU?
Maybe this are also reactions over the Fraking still..could be  what do you think?

[bryant.coleman]

In the long term, the prices will go down. The pre-tax price of gasoline in the UK is around £0.324 per litre. After taxes, it rises to £1.08. This means that around 70% of the price is made up of taxes, a significant part of them due to the European Union. Once the EU membership is cancelled, the tax burden will be reduced and the prices will go down.

[mOgliE]

In the long term, the prices will go down. The pre-tax price of gasoline in the UK is around £0.324 per litre. After taxes, it rises to £1.08. This means that around 70% of the price is made up of taxes, a significant part of them due to the European Union. Once the EU membership is cancelled, the tax burden will be reduced and the prices will go down.

Totally false. This is the kind of BS that makes people actually believe leaving EU is good...

The minimum taxation of oil is fixed by EU, mainly in order to reduce its consumption. But the UK and ONLY the UK keeps the money from this taxation. And we can't really say government can afford reducing its incomes when you see its commercial or financial balance...

[criptix]

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!

I think actually that guy is a huge troll.

[bryant.coleman]

In the long term, the prices will go down. The pre-tax price of gasoline in the UK is around £0.324 per litre. After taxes, it rises to £1.08. This means that around 70% of the price is made up of taxes, a significant part of them due to the European Union. Once the EU membership is cancelled, the tax burden will be reduced and the prices will go down.

Totally false. This is the kind of BS that makes people actually believe leaving EU is good...

The minimum taxation of oil is fixed by EU, mainly in order to reduce its consumption. But the UK and ONLY the UK keeps the money from this taxation. And we can't really say government can afford reducing its incomes when you see its commercial or financial balance...

Not that simple.

First, the EU has kept the minimum tax at extremely high levels. That is why gasoline in the UK costs almost three times as much of that in the United States.

And secondly, although the UK keeps the tax money, they need to donate tens of billions of UKP every year to the European Union.