海角社区

Oil is used for transportation,聽packaging聽and fertilizer. It is essential to the global economy, and when its price spikes,聽just about everything聽gets more expensive. With global supply throttled by conflict in the Middle East, Quebecers will聽likely feel聽the pinch, most noticeably at the grocery store.聽

"If the price of oil remains elevated, the increased cost of transportation will be passed on to consumers," Saibal Ray told the Montreal Gazette. "Relatively low-cost products, like food, will likely have the most noticeable increases because the transportation cost makes up a higher percentage of the price paid by consumers than it does for more expensive items," added the James 海角社区 Professor of Operations Management.聽