RAW MATERIALS: How to Cut Prices

Just as some U.S. manufacturers were about to pump up the price of tires by 5% last week, the General Services Administration punctured the air hose by announcing a 14¢-a-lb. cut in the price of natural rubber. GSA Administrator Jess Larson wants the tiremakers to pass along their savings, $40 million in the next three months, to consumers. At 52¢ a lb., rubber is now 47% cheaper than last December, when GSA clamped the lid on skyrocketing rubber prices by taking over the buying of all natural rubber for the U.S.

Rubber...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!