Oil Ripple Effect Could Slow Economy

Oil Ripple Effect Could Slow Economy [New Words]   ♧ ripple effect : n. 파급효과   ♧ (the) pump : n. 주유소   ♧ synthetic : a. 합성의, 인조의   ♧ bump : v. 값, 임금 등을 올리다   ♧ cater : v. 먹을 것을 마련하다, 음식물을 조달하다   ♧ carton : n. 판지 상자, 판지   ♧ fertilizer : n. 비료   ♧ disposable : a. 처분 할 수 있는, 사용 후 버릴 수 있는   ♧ diaper : n. 기저귀   ♧ petrochemical : n. 석유 화학 제품   ♧ municipality : n. 지방자치체, 시 당국 All right, Betsy. Thanks. As you mention, rising gas and oil prices perhaps the biggest risk to the economy. 2005 ended with oil at just over 63 dollars a barrel. After an increase of nearly a dollar today that same barrel of oil costs nearly 72 dollars - an increase of 14 percent. Higher oil prices have a ripple effect across the American economy. Here's ABC's David Curley.   It's not just prices at the pump. Your next set of tires made with oil-based synthetic rubber will cost more. Bridgestone/Firestone bumped prices 21 percent in the past year. And you may need new tires, because road repair and construction may slow dramatically. A ton of asphalt made with oil already costs nearly four times more than it did four years ago. "Municipalities and other state governments have to kill road projects when the price of asphalt goes up, because their budgets are fixed once a year."   Personal travel budgets will increase. Airline ticket prices are up 9 percent. Every one-cent increase in fuel costs American Airlines 29 million dollars a year.   "Our plan is to operate the airline at those prices and operate the airline at a profit."   Alaska Airlines plans to cut the weight of its catering carts by 20 pounds to save nearly half a million dollars in fuel a year. From plastic milk cartons to lawn fertilizer, oil is much more than fuel for your car.   "It's a key engine of the growth. We use it in almost everything we do. So, when the price rises, it's a hardship on all of us."   Going wall to wall in your home is going through the roof.   "All these products are made of oil-based products."   Mark Sahourie at Carpet King in Rockville, Maryland, says carpet is up 30 percent.   "We had apologies from manufacturers telling us we don't have an option. This is how it is. This is what's going to happen."   But some experts believe there is only so much more the economy can absorb.   "And now the prices are staying up and threaten to move higher. I think businesses are going to be more interested and work harder to pass through their higher costs to you and I as consumers."   One example - the maker of Huggies disposable diapers, which uses petrochemicals to absorb, says costs are up 35 million dollars. Diapers will cost more.   There is some good news. Even though the oil-based paraffin wax, used to make crayons, has increased ten percent, Crayon and Crayons says it will not pass on the higher cost to crayon consumers.   David Curley, ABC News, Washington.