Goodyear CEO Braces for Customers to Drive Less with Gas Prices Rising

…As the United States continues its war with Iran and the Middle Eastern country retains its blockade of the Strait of Hormuz, Goodyear still uses oil as a raw material in its tires. Responding to an investment analyst asking about oil prices affecting raw material costs on a May 7 investor call, Goodyear Chief Financial Officer Christina Zamarro said he will “want to pay attention to synthetic rubber inputs like butadiene and styrene…

Source: Akron Beacon Journal