Tuesday, July 22, 2008

Stock up on tires

As VeloNews pointed out in a recent article, peak oil isn't going to leave bicyclists unscathed. Tire prices are going up another 10-15% soon:

Michelin Raising Prices, Others to Follow (Bicycle Retailer News)

Michelin North America Announces Price Increases (EasyBourse)

"...a spokesman for Continental's tire unit, told Forbes.com that the company was increasing its tire prices for the third time this year..." (Forbes)

It's not limited to North American markets, or European manufacturers:
Bridgestone to hike China tire prices next month (The Auto Channel)

Stock up now!

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