Since everything made out of plastic has to originally start it's life as a barrel of oil logic would dictate that rising oil prices are going to make things more expensive. In years past the increase in oil prices was never dramatic enough nor long-lasting enough for everyday things to see significant price increases. 
Well not it looks like playtime is over. Due to rising demand, among other factors, everything including bike tires will be more expensive next season. Two of the industries most prominent brands have already addressed the issue.
“We increased the price of our high end folding bead tires by 10 percent for 2008,” said WTB marketing coordinator Dain Zaffke, a result of rising oil costs. “It's an unfortunate reality for manufacturers, retailers and consumers.”
The marketing director at Kenda also mentioned that prices will "spike" upward soon.
via Bicycle Retailer
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