Monday, 2 July 2012

'Bombona' goes up to €16.50

A pile of bombonas
SPAIN We had a chat over coffee this morning with one of our local bomboneros - that is, our gas bottle suppliers. We were foolish enough to ask him if gas bottles had gone up together with electricity and 'natural gas', as they call it though who knows why (is there any other kind?). Yes, he said, it now costs €16.50 per bottle, up one euro from Saturday to Sunday. We had another coffee with a friend who told us that he paid €11 something when he first came to Spain about five years ago. We can no longer remember what it cost when we first came to live in Spain over 40 years ago. But what nobody seems able to explain is how come the prices of gas and electricity go up and up and up on the excuse that both these 'energies' are supplied below cost yet the companies (E.g. Repsol, Cepsa, Iberdrola, Endesa, etc.) continue to announce profits and more profits. Can any economist out there offer an explanation, please? (See Electricity and gas go up again)

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