How disruptions in oil markets can drive up the price of everyday goods

Watch how plastic products are molded from pellets that began as crude oil

Polyethylene and other plastics are formed by combining ethylene and propylene, which are produced through refining crude oil. These plastics are broken down into pellets called nurdles, or mermaid tears, which are melted and molded to manufacture countless products.

View a sample of objects surprisingly derived from crude oil, including chewing gum and lipstick

Crude oil processing produces a variety of fuels and the building blocks for plastics, but it also distills out the hydrocarbons used to make aspirin, Teflon, vinyl, crayons, candles, Tupperware, roofing shingles, asphalt pavement, hair dye, anesthetics, food-grade lubricants, polyester, synthetic rubber, and resins for items like dentures.

See where the 100 million barrels of crude oil the world consumes daily end up

From drilling to driving, crude oil is processed in refineries and transformed into everyday products like fuel, plastics, lubricants, and cosmetics. The US currently uses about 20 million of those barrels per day.

The price of crude oil accounts for roughly half of the price displayed at the gas pump

While the price of crude oil has the largest impact on the price of gas, the cost of refinement, taxes, and distribution jointly make up nearly half of how gas is priced. Because of the many factors that influence the price of gas, eliminating taxes during expensive periods might not effectively lower prices.

Oil markets are seeing higher costs and lower prices amid tech breakthroughs

Experts say oil demand has not yet reached its peak. Recent technological breakthroughs in the oil industry include advances in drilling and extraction, as well as subsurface technologies.

Fracking has led to an increased global oil supply, contributing to lower oil prices

Fracking technology has significantly increased how much crude oil the US produces. As more countries adopt fracking technology, there could be an increased downward pressure on prices—although fracking has been widely criticized for its negative environmental impacts.

Beyond oil, the Iran war is pushing up costs on fertilizer, prescriptions, and mortgages, too

Gas is up 27% since fighting began, but the Strait of Hormuz also carries a third of the world's fertilizer, petrochemicals used in generic drugs, and helium for semiconductor manufacturing. Mortgage rates have climbed back above 6.4%, and economists warn $130 oil could tip the U.S. into recession.

The price of gas is a composite made up of several different factors, with the federal gas tax making up less than 20% of what drivers pay at the pump.

The history of natural and synthetic plastics

From cheap toys to woolly jumpers, plastic can be found in more products than many people realize. From a chemist's perspective all these things are made of the same class of materials: Polymers. And the distinction between which ones we happen to call "plastics" and which ones we don't is fairly arbitrary.

Oil shocks, war, and the 1970s crisis that remade American energy and economics

The oil crises of the 1970s—fueled by Middle East conflict and OPEC’s dominance—triggered inflation, price controls, and policy failure. But they also accelerated fracking, alternative energy, and the rise of free-market economics.

Understanding the causes and environmental impacts of crude oil spills and leaks

Although some oil regularly leaks from the bottom of the oceans through the gradual erosion of sedimentary rock, major spills result from accidental ruptures of pipelines or damage to transportation vessels or rigs. Oil can break down the water-repelling ability of feathers, remove the insulation of fur, and poison food chains if ingested.

Rising fracking rates have increased prices of some food products

Every fracking well uses approximately 20,000 pounds of guar gum, a thickening and stabilizing agent commonly used in ice cream, salad dressing, and baked goods. The polysaccharide is also a key component in some cosmetics and explosives.

Oil prices spiked when Russia invaded Ukraine in 2022

The price of a barrel of Brent crude experienced volatility in the early 2020s. This chart shows price spikes at the beginning of the pandemic and again when Russia invaded Ukraine.

How Big Oil misled the public into believing plastic would be recycled

An NPR and PBS Frontline investigation reveals how the oil and gas industry used the promise of recycling to sell more plastic, even when they knew it would never work on a large scale.

The amount of plastic chemicals in 300 everyday Bay Area foods

Food production is more complicated than it appears, and manufacturing, packaging, and shipping processes can add significant substances to your food. This massive project compiled data on 300 samples of foods delivered to the San Francisco area, testing for the presence of 18 different kind of plastic. Learn how to read the data here with its helpful guides and then explore the table yourself.

Microplastics have been shown to disrupt photosynthesis in plants and algae

A major study found that pieces of plastic less than five millimeters long are causing an estimated 4% to 14% loss of the world's wheat, rice, and maize, potentially putting an additional 400 million people at risk of starvation within 20 years. The damage from microplastics to crops may already rival the impact of climate change on food supplies.

How artificial photosynthesis can help make plastics and fuels using sunlight

These systems link a molecular light absorber to a catalyst that can synthesize fuels—such as ethanol—and ethylene, a precursor to plastics, in a carbon-neutral manner. Because these byproducts have greater energy concentrations than the carbohydrates produced by photosynthetic organisms, research is ongoing to engineer the necessary catalysts.

OPEC can roll out production cuts among its members to control oil’s global supply and price

The Organization of the Petroleum Exporting Countries (OPEC) was created to coordinate and unify petroleum policies to secure fair and stable prices. During the pandemic, for instance, the organization pushed through production cuts in an attempt to stabilize prices.

Countries tried to curb plastic waste, but the US keeps shipping more

Data show that American exporters continue to ship plastic waste overseas, often to poorer countries, even though most of the world has agreed to not accept it.

See how much key commodities are trading for in real time

This tracker shows the current price of common commodities such as crude oil, lumber, nickel, and many more, as well as how much these prices have fluctuated over the past day, year, week, and month.

Plastic debris across the ocean aids the spread of invasive species

The durable, long-lasting material can serve as a platform for living organisms to latch onto and ride over vast distances. After the 2011 earthquake and tsunami in Japan, a large dock carrying 100 tons of living organisms native to Japan washed up on Oregon's coastline, confirming the ecological threat.

Why stories about helium 'running out' indicate market volatility rather than scarcity

Only a few locations on Earth contain natural gas reserves with sufficiently high helium concentrations to make their extraction commercially viable, and geopolitical conflicts in these areas significantly affect helium production. This makes cost a major impediment to helium availability, particularly for scientific research, amid growing demand and ongoing depletion of reserves that took billions of years to form.

Auto and consumer goods companies absorbed billions in costs due to President Trump's 2025 tariffs

Detroit's three automakers combined paid $6 billion in tariffs in 2025. Procter & Gamble raised prices on 25% of its products, and supply chain experts estimate that 80-85% of all tariff costs were absorbed domestically—either by companies or consumers.

An explanation of dynamic pricing algorithms and the factors that impact them

Rather than static prices set by manufacturers or retailers based on the costs of goods, online businesses or box stores with electronic price tags can change prices in real time based on supply, demand, time, location, and competitor prices. These algorithms can be programmed to maintain or maximize profit margins based on shoppers' willingness to spend.

Inflation is a monetary phenomenon in which consumers see a broad rise in the prices of goods and services across the economy over time

Sustained periods of inflation are often caused by central bank policies including low interest rates or increased money supply. With more money chasing the same number of goods and services, prices tend to rise and the value of a single dollar drops.

Dollar stores procure their merchandise in bulk to help cut costs

In order to keep prices cheap, dollar stores source this merchandise from a variety of places, including liquidation sales (an event that happens when retailers need to sell off inventory quickly), directly from distributors, foreign markets, and more.

An investigation suggests a Scottish island became awash in forever chemicals via seafoam and seaspray—raising questions about what that means for the safety of other coastal areas.

The US dollar is the most widely circulated currency in the world, and is involved in nearly 90% of global transactions

US consumers collectively owe more than $1T to credit card companies—almost as much as they owe in auto loans.

Some renewable energy sources may weaken the resiliency of electric grids by removing outage buffers provided by coal- and natural gas-fired plants, which provide the system with more time to find a new power source if a plant goes down.

Louisiana's 'Cancer Alley' is infamous for having some of the highest industrial pollution, toxic air emissions, and cancer risks in the US.

When a Paris department store hesitated to sell Estée Lauder's perfume, she 'accidentally' broke a bottle, causing the smell to spread throughout the store and shoppers to start asking to buy the scent.

Watch how viruses like Ebola can spill over from animals to humans—and vice-versa.

About 2,000 US babies are born annually without some portion of their limbs, potentially leading to a lifetime of pricey prosthetics.

Massive 3D printers have been used to build homes by stacking layers of 'concrete toothpaste,' a fire-resistant material that effectively insulates against outside noise.

Gerrymandering works through two techniques: cracking opposing voters across districts to dilute their power, and packing them into a few to waste their votes in lopsided majorities.

Telehealth demand for GLP-1s for weight loss is booming as consumers seek easier access.

Fireworks make a loud booming sound after exploding due to air expanding faster than the speed of sound.

Dozens of S&P 500 stocks, including Coca-Cola and Walmart—known as the dividend aristocrats—have increased dividends every year for 25 years

Doctors differentiate between a phobia and fear by asking patients whether their fear interferes with their day-to-day activities.

Use this tool to calculate the dollar value of your parental mental load, from meal planning to coordinating after-school care, then see resources that help generate solutions.

Netflix profits when you're not watching, and its movies are designed that way—read a detail-rich critical essay exposing lesser-known Netflix takes

An initial public offering or 'IPO' is the process of a private company becoming public by putting shares of the company on the stock market for purchase.

Art theft is the third-largest source of criminal revenues worldwide, thanks in part to the subjective nature of valuing a work of art.

Explore fun facts from the USPS, including unique post office buildings, a stamp that traveled past Pluto, and more.

Memecoins are a type of cryptocurrency—a form of digital currency with a wide variety of uses—created around popular 'memes,' or viral internet jokes.

Chaos theory—informally known as the butterfly effect—is the reason why weather forecasts are presented with probabilities rather than certainties.

Sony set the standard for cylinder-shaped batteries when it repurposed manufacturing equipment used to make rolls of magnetic recording tape.

Iran's Revolutionary Guard Corps is independent of Iran's regular army and is one of the most powerful and influential military-political organizations in the Middle East.