Toll of high oil prices - May 13
by Staff
Click on the headline (link) for the full text. Many more articles are available through the Energy Bulletin homepage
Many pets are given away by owners who say they have had to make a choice between paying rising interest rates, petrol and grocery bills or keeping their pets, according to the Animal Welfare League. Contributor Michael Lardelli writes:
Soaring petrol costs, Budget tax hikes on alcohol and tobacco as well as rising steel scrap prices pushed up output prices 1.4 per cent between March and April, according to the Office for National Statistics (ONS). This is the highest monthly increase since records began in 1986 - likely to fuel inflation concerns among Bank of England policymakers and jolt hopes of interest rate cuts.
Road hauliers have been the most vocal, and most visible, protesters. Two weeks ago, a convoy of almost 100 lorries and trucks descended on London's Park Lane to highlight their plight. But victims of record oil prices are to be found throughout the economy, and the identities of some are more obvious than others. The transport sector, such as bus operators and hauliers, is particularly hard hit. And jet kerosene prices have increased even more than diesel, eating into airlines' profits and helping to send many smaller operators to the wall. The price of oil also indirectly affects the price of gas, and, in this country at least, the price of electricity. Clearly, any business that runs a shop or office has utility bills to pay - as does every household. Utility bills have gone up by an estimated 85 per cent on average over the past five years, according to consumer group Energywatch.
Yvonne Peck: Pain beyond the pump My husband is an over the road truck driver for a company here in Indiana. They've slowed the trucks down to save on fuel, which causes my husband's trips to take longer to deliver. Therefore, his paychecks are lower. (He only gets paid when the current trip he is on is completed.) |
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