Oil driving up price of consumer products

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DAYTON — As local gas prices rise toward $4 a gallon, more bad news is on the way. Crude oil prices driving up the cost of gasoline also bump up the cost of thousands of other products either made with oil or shipped by it.

Everyday items made with oil include everything from the coloring in your toothpaste, to shampoo, plastic water bottles, house paint and even golf balls.

“Eventually the price of all these commodities is likely to go up” said Wright State University professor Riad Ajami, director of the Center for Global Business at the Raj Soin College of Business.

DaytonDailyNews.com