{"id":3880,"date":"2015-01-17T11:19:24","date_gmt":"2015-01-17T09:19:24","guid":{"rendered":"http:\/\/www.ijg-research.net\/?p=3880"},"modified":"2015-01-17T11:19:24","modified_gmt":"2015-01-17T09:19:24","slug":"local-pump-prices-plenty-of-room-to-fall-further","status":"publish","type":"post","link":"https:\/\/ijg.net\/research\/local-pump-prices-plenty-of-room-to-fall-further\/","title":{"rendered":"Local pump prices – plenty of room to fall further"},"content":{"rendered":"

Out of interest, I had a quick look at a regression of the oil price on local fuel prices. This suggests that pump prices still have a long way to fall locally, as the current low oil prices in Jan will only be passed through to pump prices in March\/April(\/May) – see Namibia CPI \u2013 December 2014<\/a>. If oil prices remain as low as they are currently, if the Rand remains stable(ish), and if these declining prices are passed through to the consumer (rather than used to build a slate account balance), we could see coastal pump prices for petrol of under N$7 per liter! While possible, however,\u00a0 this is a bit unlikely, primarily due to the fact that oil prices will probably not remain as depressed as they are now for a prolonged period. As well as this, I doubt that the entirety of the price-fall will be passed along to consumers, and rather that a slate account balance will be accumulated which will allow for better price smoothing over coming months\/years, when prices of oil are likely to be volatile.<\/p>\n

\"Namibian<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Out of interest, I had a quick look at a regression of the oil price on local fuel prices. This suggests that pump prices still have a long way to fall locally, as the current low oil prices in Jan will only be passed through to pump prices in March\/April(\/May)… Continue reading → <\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[12],"tags":[],"class_list":["post-3880","post","type-post","status-publish","format-standard","hentry","category-teamcommentary"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p4zfYc-10A","jetpack-related-posts":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/posts\/3880","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/comments?post=3880"}],"version-history":[{"count":1,"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/posts\/3880\/revisions"}],"predecessor-version":[{"id":3882,"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/posts\/3880\/revisions\/3882"}],"wp:attachment":[{"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/media?parent=3880"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/categories?post=3880"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/tags?post=3880"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}