$100 oil will hurt at more than the pump

From light bulbs to golf balls, items tied to petroleum may cost you extra

U.S. consumers are likely to feel the sting of $100 oil soon, and in perhaps more ways than they realize.

…If oil prices stay up, Americans also may see higher prices for a host of other petroleum-derived products, from light bulbs and paint to golf balls and deodorant.


“There’s oil in everything around us,” said Edward Morse, chief energy economist at Lehman Bros. in New York. So it’s impossible not to be touched by $100 oil.

“Whether it’s the direct impact of heating oil or diesel or gasoline, the indirect impact is sort of ubiquitous in the world we live in,” he said. “And it affects everyone’s pocketbook because it affects the amount we can spend on the things we need and want.”

Houston Chronicle