Tires - USA - Soaring oil costs drive up tire prices
DENVER,CO,USA -The Buffalo News/AP -9/6/2005: -- Surging oil prices aren't just hitting drivers at the fuel pump. They're affecting prices at the tire shop, too... Four major tire makers have announced price increases for this fall, following similar announcements by most manufacturers earlier this year. Goodyear Tire & Rubber Co. has announced three price hikes this year alone as oil nears $70 a barrel, and with prices for steel and natural rubber also rising... The latest Goodyear hike, a 5 percent to 8 percent increase depending on the tire model, took effect Thursday. So a tire going for $100 could potentially go for $108. The Ohio-based company also increased prices in February and June...
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