According to Tire Business, Michelin announced that they would be raising prices on their tires for the second time this year. They already raised prices on March 3, and will raise prices again on September 1. Two times in six months. Passenger and light truck tires will increase by 12% on Sept 1, after increasing 7% on Mar 3....19% increase over 6 months. Commercial tires will climb 8% on Sept 1, after increasing 8% on April 1......16% increase over 5 months. 2 wheel vehicle tires will increase 15% on Sept 1, after increasing 8% on Jan 1.....a whopping 23% increase over 9 months.
Michelin isnt the only tire manufacturer announcing dramatic price increases, most of the major brands are. Nitrogen tire inflation is a technology that should be considered to battle these price increases. The public is starting to realize that better pressure retention, and the better tread wear associated with it, are major benefits of nitrogen filled tires. Nitrogen can also eliminate the chemical aging of the rubber associated with compressed air (oxygen), resulting in a stronger tire that maximizes tire and tread life.
As the price of fuel and tires (it takes about 22 gallons of oil to make 1 new tire) continue to skyrocket, filling your tires with nitrogen can help to diminish the impact on the consumers pocketbook.