OIL INFLATION: The Rising Price of Everything
07.09.08
With the price of crude oil on the rise and gasoline surging past $4 per gallon this spring, consumers(you and I) are, or at least should be wondering what’s next. The price of gasoline however, is but one of a number of every day petroleum-based products, ranging from asphalt to diapers to plastic water bottles (yeah, the ones you’ve been buying your “special” water in after being tricked into believing that the water in your tap isn’t safe, or perhaps better yet, because you “know” it isn’t from Fiji) that are on the rise. Here’s a current snapshot of the price of 9 of the most commonly used petroleum-based products now, and the percentage of increase since last year.
1.) JET FUEL: $4.09 per gallon - up 72%
2.) INDUSTRIAL LUBRICANT: $5.82 per gallon - up 99%
3.) ASPHALT: $495 per short ton - up 55%
4.) PLASTIC BAGS: 2¢ per bag - up 5.6%
5.) DEODERANTS: $3.27 per unit - up 4.1%
6.) TOILET SEATS: $35 per seat - up 40%
7.) SHAMPOO: $3.70 - up 3%
8.) DIAPERS: $12.79 - up 6.7%
9.) PLASTIC WATER BOTTLES: 18¢ per bottle - up 7.6%
NOTE: The prices displayed are based on data provided via Business Week and range from May to July of 2008.
Tags: asphalt, deoderants, diapers, industrial lubricant, jet fuel, Oil Inflation, plastic bags, plastic bottles, shampoo, toilet seats
Category: Energy, Events, Politics
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