Domestic heating oil was around 48p per litre. When we bought some last month, it was 69p a litre. Yesterday, when my neighbour ordered some, it was 90p per litre. I suspect it will be much higher still shortly.
Unfortunately for them, their fixed rate electricity deal finished the end of February. They weren’t quick enough to lock into a new deal. After a discussion between us, it was decided to find a fixed rate deal ASAP, with no exit fee. Should they by some miracle find a better deal later on, they won’t get penalised for moving.
Prices are rising on everything. Petrol has risen by several pence this week, more to come there as well. People are starting to panic buy.
We are all aware of food price hikes. I read yesterday that South Korea gets 60% of their cereal crop, mainly corn, from the Ukraine. They are desperately trying to find just under 400,000 metric tons elsewhere. As everything is locked in place before sowing starts, can’t see them achieving it. That is just one country.
Homesteading blogs I read are also reporting on major price hikes on animal feed, fertiliser and other items needed for their livestock. Those prices are having to be passed on, their customers aren’t happy. What can they do other than have less animals, keep more for their own families thereby creating more shortages.
I am constantly amazed by how people are burying their heads in the sand because it stresses them out too much to think about it. Stressing out won’t feed and water you and yours, keep you warm next winter, get you from A to B.
Every time you shop, if you can, buy a little extra, don’t clear the shelf. Keep your car fuel topped up always, look at how you can adjust here and there to cut back.