Crude Costs Will Make All Prices Rise

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The bad news is that the rising costs of oil doesn’t just affect what we pay at the pump. Since all products have to be shipped in some part to final destinations, we will be paying more for virtually every product out there.

Oil affects everything from top to bottom,” said Phil Flynn, energy analyst at Alaron Trading. “Most people wear crude oil every day.”

Crude-oil futures toyed ever-closer to the $100-a-barrel mark this week, hitting $96.70 on Tuesday before dropping to $95.46 on the New York Mercantile Exchange on Thursday.
Consumer-product giants ranging from Procter & Gamble Co. (PG: PG 70.84, +1.42, +2.1%) and General Mills Corp. (GIS:General Mills, Inc: GIS 57.67, +0.79, +1.4%) to Wm. Wrigley Co. (WWY:
Wm. Wrigley Jr. Company) and Bridgestone Firestone North America Tire have warned in recent weeks that the price increases they’ve already put in place this year could go higher yet

So you can expect to feel the pain no matter where you turn. Not the best news for investors looking for companies that can earn a ton of dough in the current market. Keep these rising fuel prices in mind when investigating any new stock purchase.

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