Rubber Shortage Putting Pressure on Tire Prices

By: Kristin Burke
By: Kristin Burke

ROCKFORD(WIFR) -- The rising prices are due to a rubber shortage blamed on flooding that occurred earlier this year in India. Pomp's Tire Service in Rockford is paying about $228 dollars per ton, a 50 percent spike from last year .

With the average truck tire weighing 125 pounds and car tires coming in at 20 pounds, both companies and consumers are paying a premium for the rubber.

Store manager Larry Smith believes, there will be price pressures on rubber based products for quite awhile.

"It is starting to hurt truck drivers quite a bit in their price per load. They're having to figure in their $4 a gallon price of fuel and now the have the price of tires that are really jumping up. their average cost per tire is $150 more per tire than it was 6 months ago."

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Comments are posted from viewers like you and do not always reflect the views of this station.
  • by InTheKnow Location: Rockford, IL on Jul 11, 2011 at 06:10 AM
    If tires are made out of rubber, I am curious to know what you think they are made out of?
  • by bignugly on Jul 8, 2011 at 03:52 PM
    I thought they stopped using rubber for tires a while ago because of durability. If that is the case, sounds like another scam to increase prices of tires by corporations. That's a god way to increase profits without loooking like bad guys.
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