How Much Impact Will Rising Oil Prices Have? Buying Assault Jackets and "Millet" Might Cost You More Money | DaYu Finance

Ask AI · How does rising oil prices affect the pricing of outdoor jackets and second-dimensional goods?

On March 23 at 24:00, the domestic refined oil prices will undergo the sixth adjustment. Due to Middle Eastern geopolitical conflicts, the retail fuel price adjustment will be around 2,000 yuan per ton, and domestic oil prices may return to the “9 yuan era.” How does continuous oil price increases impact residents’ lives? The most immediate effect is a significant increase in fueling costs. For example, a small household car with a 50-liter tank will spend about 80 yuan more to fill up.

In fact, not only is refueling more expensive, but Samsung Display’s President and CEO Jung Yeo-kyu recently analyzed that many raw materials in electronic devices are derived from crude oil. As oil prices soar, energy and raw material costs may rise, pushing up the prices of smartphones, PCs, and other electronic devices. Moreover, the prices of petrochemical raw materials, closely linked to oil, have also started to surge, with polyester prices increasing by over 20%. Over time, these costs are transmitted through the industry chain to downstream products, potentially triggering a wave of price increases for outdoor sportswear like outdoor jackets. Additionally, the surge in crude oil prices quickly affects the plastics industry, meaning second-dimensional fans may need to spend more money on “Guzis” (collectible figures).

Filling up a tank will cost about 80 yuan more, with many airlines raising fuel surcharges

The direct impact of rising oil prices is a significant increase in fueling costs.

On March 23 at 24:00, domestic refined oil prices will undergo the sixth adjustment. The expected increase for 92-octane gasoline will again exceed 1.6 yuan per liter. Currently, international oil prices remain significantly above the average during this cycle. Industry analysts suggest that if international oil prices do not decline noticeably, domestic prices are expected to continue rising.

According to the Jinlianchuang valuation model, assuming international oil prices stay at the level of March 16, the retail price adjustment will be around 2,000 yuan per ton. Jinlianchuang’s refined oil analyst Ma Jiancai stated that if the final adjustment is about 2,000 yuan per ton, the prices of 92-octane, 95-octane gasoline, and zero diesel will increase by approximately 1.60 yuan, 1.69 yuan, and 1.7 yuan per liter, respectively.

For a small household car with a 50-liter tank, filling up will cost about 80 yuan more; for a car with a 70-liter tank, it will be about 112 yuan more. Additionally, on March 9 at 24:00, the fifth price adjustment for 2026 occurred, with increases of 0.52 to 0.61 yuan per liter. Gasoline in Beijing, Shanghai, and Zhejiang has already reached 7.6 yuan per liter, and in Jinan, 92-octane gasoline has risen to 7.4 yuan per liter. Based on this, the oil price increase on March 24 may directly push domestic prices back into the “9 yuan era.”

As oil prices soar, many airlines have announced increases in international route fuel surcharges. On March 17, Juneyao Airlines issued a notice stating that, due to international fuel price adjustments, starting March 20, 2026 (subject to ticket issuance date), the fuel surcharge for routes between China and Southeast Asian countries will be adjusted.

Spring Airlines, from midnight on March 12 (based on booking date), also adjusted fuel surcharge standards for some international routes, mainly involving Japan, Korea, Thailand, Cambodia, Vietnam, Singapore, and Malaysia. Several routes saw surcharges increase by up to 180 yuan.

On March 17, Hong Kong Airlines announced that fuel surcharges would be raised again on the 18th: from Hong Kong to Asia, short-haul flights will increase from 212 HKD to 290 HKD; long-haul flights to Europe, America, Africa, and the Middle East will rise from 739 HKD to 1,164 HKD.

For domestic routes, the next window for fuel surcharge adjustment is April 5. Currently, the standard from January 5 is still in effect: routes under 800 km charge 10 yuan; those over 800 km charge 20 yuan. Industry experts generally expect that as oil prices continue to rise, more airlines may follow suit, further increasing travel costs for passengers.

Raw material shocks may drive up outdoor jacket prices; increased fertilizer costs impact global food supplies

Not only is refueling more expensive, but due to Middle Eastern conflicts, international crude oil prices have surged sharply, affecting multiple industry chains, with the textile industry being particularly impacted.

In refining, crude oil is separated into two streams: one is the energy stream (gasoline, diesel), which is well known; the other is chemical materials, such as synthetic rubber, fertilizers, and even synthetic fiber clothing, all originating from crude oil.

Synthetic fibers, with high strength, good elasticity, and wrinkle resistance, are widely used in clothing. For example, outdoor sportswear often uses polyester, while underwear and yoga pants frequently use nylon and spandex blends. Blended fabrics containing polyester are also extensively used in apparel.

Currently, textile fabric suppliers face considerable pressure. For example, regarding outdoor jackets, Dong Xiucheng, Executive Dean of the China International Carbon Neutral Economy Research Institute at the University of International Business and Economics, states that over 90% of outdoor jackets are made from petroleum-based materials. The price transmission mechanism involves crude oil price increases driving up chemical fiber raw material costs, which then lead to higher fabric and garment prices, forming a full-chain rigid transmission.

Beyond increased clothing costs, the blockade of the Strait of Hormuz further threatens the global food supply.

The latest report from the Food and Agriculture Organization of the United Nations shows that energy price increases related to Middle Eastern conflicts have caused fertilizer costs to rise sharply. In early March, European urea prices increased by nearly 30%. The organization warns that if the turmoil continues, global fertilizer prices could be 15% to 20% higher than normal in the first half of the year, pushing up global agricultural costs and food prices.

Chinese Vice President of the China Business Economics Society, Song Xiangqing, recently stated that the Middle East is a major exporter of urea, synthetic ammonia, and sulfur. If the Strait of Hormuz transport is blocked, about one-third of global fertilizer trade will be affected. During the critical planting season, tighter fertilizer supplies will directly increase the costs of planting wheat, corn, rice, and other major crops, further raising global agricultural product prices.

Rising oil prices impact the pricing of smartphones, PCs, and other electronic devices; second-dimensional fans will need to spend more

In fact, for second-dimensional and digital game enthusiasts, buying their favorite products may also cost more in the future.

Samsung Display’s President and CEO Jung Yeo-kyu recently analyzed that many raw materials in electronic devices (such as film materials) are derived from crude oil. As oil prices soar, energy and raw material costs may increase, pushing up the prices of smartphones, PCs, and other electronic devices.

Samsung Display is a subsidiary of Samsung Electronics, mainly producing display screens for Apple iPhones and MacBooks, as well as screens for Samsung Electronics’ phones. Jung Yeo-kyu further explained that the tech industry was already facing rising costs due to chip price surges, and the rapid increase in oil prices is further intensifying industry pressure.

Additionally, the surge in crude oil prices has quickly propagated upstream in the plastics industry chain. Industry data shows that acrylic acid prices have increased by 22.26% week-on-week, PET prices rose by 7.40% in a single day, with a year-on-year increase of 22.68%. The polyethylene price index soared by over 1,200 points in a week, with significant gains in high-pressure varieties.

For second-dimensional fans, materials like figurines, acrylic stands, transparent cards, keychains, plush toys, and plastic parts of models are all made from raw oil derivatives.

Recently, an industry report analyzed the cost structure of “Guzis” (collectible figures): based on the final retail price, IP licensing fees account for about 30%, and production costs do not exceed 10%. This means that when upstream plastic raw material prices increase by 10%, even if other costs remain unchanged, the retail price must rise by about 1% to offset the cost. When multiple links are under pressure simultaneously, the compounded effect makes “Guzis” prices visibly increase.

Recently, a Japanese company specializing in producing various anime merchandise announced that, due to international conflicts, prices of materials like PP, PET, and acrylic have risen, and related products may temporarily see price hikes. They ask for understanding.

However, some netizens commented: “‘Guzis’ pricing power has never been in oil futures markets but in the hearts of every second-dimensional fan willing to pay for their passion. Even if prices go up a bit, it won’t affect the collecting rhythm.”