Beauty and
 the Beast

One of the reasons given for the downward revision was a recent rapid rise in gasoline prices and the resulting impact on consumer spending. That petroleum-based product pricing is volatile (with gasoline right up there at the top of the volatility chart) will not be news to those in the labeling industry. Petroleum-based commodity pricing has been volatile for many months now, with the volatility mainly in an upward directly. A significant number of ink, coating, and adhesive suppliers have increased prices in the past year, along with many substrate suppliers, including both film and paper.