From food to plastic: rising costs due to war
From food to plastic: rising costs due to war
- March 20, 2026
- Gary Richardson, economics, CNN Newsource, March 20, 2026 (Video)
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The Iran war is driving up gas prices, but what other goods could become more expensive? Marybel Gonzalez breaks down the cost shock. … “Oil and petroleum goes into almost every product that’s produced… The synthetic plastic that they use to make pill bottles or Saran Wrap – plastic wrap that goes in products – that is a hydrocarbon-based product. The raw material for that is oil,” says Gary Richardson, UC Irvine professor of economics.
For the full story, please visit https://www.local3news.com/regional-national/lkl-from-food-to-plastic-rising-costs-due-to-war/video_76dd6080-f19d-5727-a0c2-b8457822dbb0.html.
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