|
|
Article: OOZING RIPPLE EFFECT Soaring oil prices are being felt in more places than just the gaspump, as escalating costs of petroleum seep into tourism, groceries, fertilizers, tires and other goods.(News)
- Article from:
- Rocky Mountain News (Denver, CO)
- Article date:
- June 10, 2008
- Author:
CopyrightCOPYRIGHT 2008 Rocky Mountain News. All rights reserved. Reproduced with the permission of Thomson Scientific by Gale Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: Todd Hartman, Rocky Mountain News and Hank Schultz, Rocky
Mountain News
The rising price of oil is having economic ripple effects far beyond the gas tank.
The most obvious impact is at the pump, where Denver residents groaned at costs for regular unleaded gasoline, $3.73 to $4.16 a gallon on Monday, according to denvergasprices.com
But soaring petroleum prices are pushing into many other sectors, as the price to move goods rises with oil costs. So does the cost of manufacturing, as oil is ubiquitous, found in items ranging from cosmetics to toys and water bottles. A snapshot:
Tourism
Promoters across the ...