ECONOMIC EXPANSION

WORLDWATCH VORACIOUS APPETITE FOR COMMODITY NEWS

 

Previous posts
Goodgle link units
Add your google link units or ad units here by replacing this text in the template
subscribe
Add ANY ICONS OR Blog directories buttons here
Blog Archieve
  • November 2006
  • August 2007
  • September 2007
  • October 2007
  • November 2007
  • December 2007
  • January 2008
  • February 2008
  • March 2008
  • April 2008
  • May 2008
  • June 2008
  • July 2008
  • August 2008
  • September 2008
  • October 2008
  • November 2008
  • December 2008
  • January 2009
  • February 2009
  • March 2009
  • April 2009
  • May 2009
  • June 2009
  • July 2009
  • August 2009
  • September 2009
  • October 2009
  • November 2009
  • December 2009
  • January 2010
  • February 2010
  • March 2010
  • April 2010
  • May 2010
  • June 2010
  • July 2010
  • August 2010
  • September 2010
  • October 2010
  • November 2010
  • December 2010
  • January 2011
  • February 2011
  • March 2011
  • April 2011
  • May 2011
  • June 2011
  • July 2011
  • August 2011
  • September 2011
  • October 2011
  • November 2011
  • December 2011
  • January 2012
  • February 2012
  • March 2012
  • April 2012
  • June 2012
  • July 2012
  • August 2012
  • September 2012
  • October 2012
  • December 2012
  • January 2013
  • February 2013
  • May 2013
  • August 2013
  • April 2014
  • June 2014
  • September 2014
  • October 2014
  • January 2015
  • February 2015
  • March 2015
  • April 2015
  • September 2015
  • November 2015
  • January 2016
  • March 2016
  • November 2016
  • January 2017
  • May 2017
  • Credits



    SPECULATION IN PORTUGAL

    WorldWatch chief analyst has confirmed the news that speculation in Portugal continues to push petrol (gasoline) prices to far beyond the acceptable price limit. Every week the consumer price goes up, this year alone prices have increased 39 times in contrast they have decreased 3 times.
    Consumers pay 1,774€ per liter for regular 95 Octane (crude $118.28 per barrel), US and European consumer demand has not increased and there is no sign of doing so in the near future as Europe continues to face serious deficit problems now with France and Holland  targeted by debt and
    political crisis.
    One of the most critical situation is with Portugal as petrol prices for the motorist keep going up,inflated by greedy companies such as Galp, BP, Repsol, Cepsa, final consumer price for Regular 95 Octane 1,774€ per litre, this is the most expensive in Europe and one of the most expensive in the world.
    Back in 2008 when Brent crude reached a record $147 a barrel, consumer prices were much lower than now around Regular 95 Octane 1.249€ per litre.As long as these prices continue inflated the tax revenue derived from petrol will continue to fall drastically forced by a severe drop inconsumer demand, this year alone its expected to drop by 18%.
    If no measures are taken by the authorities Social unrest is a certainty as the population faces evermore harsh uncontrolable decline in living conditions.

    written by ABSTRACTMIND @ 2:59 pm, ,


    Links

    Subscribe

    Subscribe in a reader

    Advertise


    The Commodity prices are provided by Forex Pros - The Leading Financial Portal

    blog links
    Finance directory