Shoppers pay as oil costs trickle down
- added June 16, 2008
- 1 response
The shock of $4-a-gallon gas is like a psychological thunderbolt. But less-obvious damage to our paychecks is starting to trickle in from a hidden flood of petro-fueled price increases.
Whether they pay for fuel used to ship bananas from Central America, natural gas or crude oil used to create a plastic milk jug or myriad oil derivatives used as ingredients in beauty products, price jumps at the wellhead are eventually reflected at the consumer level.
Few retail prices have increased dramatically so far because of petro-prices. But at least one has already gone through – and on – the roof.
Consider asphalt shingles. (Asphalt is some of what's left when crude oil is refined.)
Bill Bicksler, president of Academy Painting and Roofing in Plano, has been in the business for about five years.
"Typically we'll get one or two price increases a year from my roofing suppliers," he said. "Last month they went up 10 or 15 percent, and we're told they will be going up every month now."
Shingles are sold in 10-foot-by-10-foot squares. A square now costs about $185, Mr. Bicksler said.
Which means he's getting caught between his costs and what his customers want to pay.
"I'm having to contact all my customers and say, 'If you want to do this at the price I gave you, pull the trigger now,' " he said.
Hard as it may be to believe while focused on the panic at the fuel pumps, it won't take much for nongasoline petro-costs to add to the gas-driven pain. . .
more @ link
Whether they pay for fuel used to ship bananas from Central America, natural gas or crude oil used to create a plastic milk jug or myriad oil derivatives used as ingredients in beauty products, price jumps at the wellhead are eventually reflected at the consumer level.
Few retail prices have increased dramatically so far because of petro-prices. But at least one has already gone through – and on – the roof.
Consider asphalt shingles. (Asphalt is some of what's left when crude oil is refined.)
Bill Bicksler, president of Academy Painting and Roofing in Plano, has been in the business for about five years.
"Typically we'll get one or two price increases a year from my roofing suppliers," he said. "Last month they went up 10 or 15 percent, and we're told they will be going up every month now."
Shingles are sold in 10-foot-by-10-foot squares. A square now costs about $185, Mr. Bicksler said.
Which means he's getting caught between his costs and what his customers want to pay.
"I'm having to contact all my customers and say, 'If you want to do this at the price I gave you, pull the trigger now,' " he said.
Hard as it may be to believe while focused on the panic at the fuel pumps, it won't take much for nongasoline petro-costs to add to the gas-driven pain. . .
more @ link
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- CarlosIsDown
- 3 months ago
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of course the price of everything is going up...whenever i go to Dunkin Donuts it seems as if the price of an iced coffee goes up to compliment the price of regular unleaded at the Cumberland Farms right next to it. and from my own thoughts i have gathered that the reason for this increase is because it costs gas money to bring the coffee to the Dunkin DOnuts...enough said......this world is screwed
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- cerci_girl
- 3 months ago
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