Electricity And Gas Price Rise, Shock Horror?

Question

Is anyone else twisted by the irony about the fact that in the summer months they lower the price but soon as the winter comes, BOOM huge rises in prices. I can understand about oil prices are going up but they know people use 80% less gas during summer and 100% more during winter. Also the fact that they always seem to announce record profits really does bug me

also we have been told its going to be a very cold winter so while we rub our hands to warm up, those corporate scammers are rubbing there hands with greed, easy wealth and sucess

Answer 1

And you are making this post on the Economics section?

Have you not heard of supply and demand and their effect on prices? Have you looked at the global seasonal demand for petroleum products other than gasoline (such as heating fuel)?

What would you expect the prices to look like in a free-market economy?

Add in oligarchic factors, and political factors (various suppliers, including Russia and Venezuela, using their petroleum as a way of winning friends and influencing people, etc.) and there is no excuse for any shock, horror, or even irony at the state of energy prices.

As for greed, are you signing up to give away the fruits of your labor at rock-bottom prices or are you expecting to get paid good money for them? And if the former, how many of your cohort and colleagues would agree?

Answer 2

I stay in Portugal and we are paying an similar for a litre of unleaded gas as you're a million. fifty 3 euros and wages listed decrease than are very low so don´t imagine you're the purely ones paying by the nostril all of us are throughout Europe As for heating the domicile we purely have calor gas in my village no significant gas we may be able to´t have the funds for to placed the heating on it´s so severe priced expenditures contained in the supermarkets are going up on a daily basis imagine i could be better off contained in the united kingdom