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With gas prices locked at well above $3 a gallon, some retailers and manufacturers are trying to get more shoppers back on the road by picking up some costs at the pump.
In Venice, Florida-based tour organisers Randall and Dorothy Smith said their business had done well this year because the trips it runs, booked a year in advance with prices locked down in euros, are paid for only 30 days before they begin.
And with oil prices locked in a contango, whereby futures contracts are more expensive than at spot prices, the ripple pushed December 2016 crude up to $142.09.
Are prices locked in, or can they change due to inflation?
While some farmers, generally commodities farmers producing grain or animals in abundance, have prices locked in ahead of harvest, vegetable producers and those with niche markets (like high end organic meats, or produce sold directly to restaurants) often spend a great amount of time dealing directly with their buyers.
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Lower energy prices locks society into a fossil-fuel future in other ways.
Of course, no one wants to see home repossessions, but artificially propping up house prices locks future generations out of the housing market, distorts rental costs and delays the banks and building societies recognising their losses.
"We all have the stock price locked in the lower left-hand corner of our screen, and it begins to harden you after a while," one America Online executive said.
They have pricing locked in.
With the devaluation of the Russian ruble during the global financial crisis, Emery's salary was consequently devalued; he had wrongly assumed that his contracted salary would be price locked at the US dollar forex equivalent.
(Short-sellers borrow stock and sell it, expecting to repay the shares to the lenders at a lower price, locking in a profit).
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