Anna Helhoski

Yeah, exactly.

Diesel prices are up 50% since the war began.

As of recording, they averaged $5.67 per gallon, according to AAA.

Yeah, we have.

Air travel's really sensitive to fuel costs because planes run on jet fuel.

So in some cases, airlines are raising their ticket prices or cutting the number of flights altogether in order to save fuel.

Fewer flights, higher fuel costs, that usually means more expensive tickets.

Oh yeah, food is getting hit from all sides.

I mentioned that farm equipment and food delivery both run on diesel, so that's one factor.

But the bigger issue is actually fertilizer.

Fertilizers depend heavily on natural gas and other petrochemicals like urea and ammonium.

It's spring planting season in the U.S., and if fertilizers are in short supply, crops suffer.

Staples like wheat, corn, rice, and fruit all rely on them.

About a third of the world's seaborne fertilizers pass through the strait, so any disruptions there can push food prices higher, but we're actually probably not going to see it in the grocery store for months.

Yeah, plastics and packaging is a big one.

Plastics are made from oil and natural gas in the form of methanol and glycol.

Roughly 85% of Middle Eastern polyethylene exports move through the strait.

So raw materials used for plastic will get more expensive and in turn raise consumer prices for, you know, you name it, water bottles, food containers, packaging, furniture, etc.

Yeah, that's right.

So think polyester, nylon, spandex, fleece.