Answer:
The rise in the oil prices is affecteing not just the consumers but also to the producers.
Step-by-step explanation:
Transportation: Higher oil prices can lead to increased fuel costs for transportation companies, resulting in higher prices for consumers.
Manufacturing: Industries that rely heavily on energy, such as manufacturing, may experience increased costs as they require more fuel to operate machinery and equipment.
Agriculture: The agricultural sector can be impacted by higher oil prices as it relies on the fuel for irrigation, fertilizers, and transportation.
Aviation: Airline companies may have to pay higher fuel costs, which could lead to increased ticket prices for consumers.
Tourism: The tourism industry can be affected by higher oil prices, as it can lead to higher transportation costs for travelers.
Petrochemicals: The petrochemical industry uses crude oil as a raw material, so higher oil prices can increase the cost of producing petrochemical products.
Construction: The construction industry may also feel the impact of higher oil prices, as it relies on transportation to move equipment and materials to job sites.
Consumer goods: Higher oil prices can increase the cost of producing and transporting consumer goods, which can lead to higher prices for consumers.