Tuesday, June 24, 2008

More on the Real Economy

Some little ******* stuck a nail in one of my tyres this morning, so off to get it fixed.
I was the only person in what is normally a very busy tyre place. The boss-man told me that it's been the same since about the end of January. People are using their cars less and driving slower, hence not needing so many tyres. He bought a new car in January when it cost him £58 to fill up. Now it costs £74. His mate owns a petrol station and he's down about 20% from last year in throughput, although his cashflow is well up.
The most interesting bit was the cost of filling his petrol tank. That is clearly a statistic that people latch on to ( viz. the publican in Cheshire recently) and certainly I've noticed the same thing.
We're heading for a serious downturn.

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