Low oil prices may come as a relief at the pump, but they’ve had a damaging effect on the waste and recycling industry. As oil prices continue to bounce along at their lowest levels in more than a decade, the cost of virgin materials has dropped below that of recycled materials, which is decreasing demand by manufacturers for recycled goods. Originally posted by Waste 360 March 16, 2016
The price of oil has been on a downward dive for a couple of years. This has been great for some businesses and not so for others. One industry hit especially hard is the recycling business.