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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