Gas and Electricity and Stock Market

stock market: It may be a crisis for stock market traders, but many others will say: Bring it on, according to The Guardian. On gas and electricity, our big six energy companies will, at some point, have to pass on the fall in the wholesale price of gas. Already the smaller players are promising dual-fuel tariffs of 1,000 a year, compared to the 1,300 the big six try to get away with. There has almost never been a better time to switch and Petrol prices are tumbling. Gas and electricity bills are heading down for the first time in years. Food prices are falling. Mortgage rates are dropping to record lows. Even house prices in London, at least, may be starting to ease off. Yet the financial headlines are the gloomiest for years, with the stock market sliding day by day. The cheapest price for petrol in the UK is now 121.9p a litre, down 2p over the last week and more than a tenth off the cost this time last year. Few of the experts expected the oil price to fall below $90 a barrel but, over the past week, it has been plummeting towards $80, so prices at forecourts are only going to get better and better. (news.financializer.com). As reported in the news.