We’ve all seen local news stories with reporters talking to local drivers about their shock regarding gas prices. However, we rarely see the focus of the stories on skyrocketing fuel prices go beyond just the price at the pump. All of us in manufacturing are keenly aware how much soaring fuel costs affects nearly everything we do: lubricants, plastics, steel prices and fuel surcharges on deliveries. And that’s just a few of the many items impacted.
This article discusses a few more items that people can expect to see continued increases in price. Let’s all hope we see a price reduction in petroleum-based products soon.
Some surprising products are affected by high gas prices: “We’re definitely going to see price increases.”
Elevated crude oil prices could mean higher prices on products derived from petroleum — everything from tires, to roofing shingles, to plastic containers.
The oil industry touches an enormous amount of every-day products — thousands of them. Here are just a few of the products that are partially derived from petroleum.
· Plastic containers
· Plastic Toys/Crayons
· Clothing made from nylon or polyesters
· Cosmetics
· Eyeglasses
· Carpets
· Paint/Ink
· Furniture
· Insulation
The national average for gas prices stands at $4.32 a gallon, according to AAA.