With all our correspondents in winter hibernation nothing has appeared here for weeks. But now the first signs of Spring mean there is some renewed activity.
First up the benefits of last year’s reduction in petrol prices have worked through to the national inflation figures – providing headlines such as UK inflation rate falls to record low of 0.3% in January. That’s good news – but perhaps not quite as good as it could have been. Take our cousins in Australia. They have seen a similar reduction in pump prices. And they buy their oil on the world market just like the UK. However today the typical Australian unleaded fill-up costs around $1.20/litre (62.8p/litre). And this is a big increase over the sub $1 prices they had in January. Just imagine how similar prices here in the Uk would boost the local economy. And give the rest of the world one less reason to think we’re all stupid to pay so much ..
Sticking with fuel costs it seems strange that we are still paying high prices for domestic gas despite cost reductions at source. But these continued high prices may make switching away from gas into a viable choice – even for cooking and central heating. Now it’s doubtful that serious foodies would volunteer to stop using gas for cooking but all fans of burning hydrocarbons do face trouble ahead.
As you may have noticed the massive amounts being spent on green energy are almost exclusively aimed at producing electricity. Few, if any, are trying to provide gas for the domestic grid. The obvious conclusion is that one day our domestic gas supply will cease – either to meet green energy targets or when there are too few gas consumers to cover the costs of supporting the grid. With the government being keen to promote their green credentials, and signing up to some difficult targets, the writing is on the wall for CO2 creators like fossil fuels. In other words the question has become when rather than if. You have been warned.
ps The slow-witted politicians and public service will, most likely, press ahead with replacing all our working gas meters with smart meters even if domestic gas supplies are to be phased out before the project is complete.