With the cost of oil dropping to record lows will it also lower the cost of plastics?

With the cost of oil dropping to record lows will it also lower the cost of plastics?
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Action Figure ChatterI'll say this - I've pretty much been priced out of the market for toys.
I can't afford to drop $24.00 on a new Marvel Legends or Star Wars Black Series, no matter how obsessive/compulsive I may be. I hate that I can't pursue my hobby any longer. I'm wondering if there are any economists in our group that can explain to me in small words and simple language, why, when the cost of oil went up so did the cost of making toys. But when the cost of oil plummets, the toys are still obscenely priced? Is it simply greed? Is there more to it than that? I understand supply and demand, to a certain extent. What I'm wondering is why, when so many people want these figures, they (Hasbro) isn't making more to satiate that demand? Remember, you old timers out there, going to Toys R Us and seeing hundreds of figures on the pegs? Now you're lucky if you see a few dozen, and then they're all dupes of the same half dozen figures?
SO explain, in small words for my simple mind. Thanks!

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It's been a couple of years since I penned anything here. Prices. Have they gone up or down? In my area they've stayed about the same, and on a very rare occasion you can find them on sale if you know where to look. I have been able to sneak in an action figure occasionally if the wife isn't paying attention. ML's on the shelf at Walmart and Target are between 18-24, while Walgreens has a more consistent selection for a constant 19.99.
Toys R Us existed the last time I posted a response here. A moment of silence for our dearly departed.
I'm really excited to see MEGO back in the mix at a price point that makes me almost nostalgic! I'm going to try and pick up all the Star Trek related figures. Maybe the DC ones...I draw the line at Charlie's Angels.
I'm going to call now, I'll let you all know what I find out.
Okay, so that was rather pointless, as I expected it might be. I spoke with CS rep named Stephanie, who was very nice, diplomatic, and ultimately ineffective at providing any real helpful information. I did however voice my grievance with her, and she ensured me it would be passed along to the appropriate parties. 'Hasbro cares deeply about it's fans and collectors, and does all they can to keep their product affordable.' Marvel Legends have a suggested retail value of $19.99. It's up to the distributor to determine the cost they mark it at, or which stores carry them, so while TRU typically sells theirs for 21.99 at one of their stores, a Walgreens can sell them for $25.00, or whatever they decide.
Most of the questions I asked her remained out of her ability to answer. Would they improve distribution? Would they produce more figures to satisfy the market that is interested in purchasing them? Would the price be dropping because raw material costs have dropped? Stephanie didn't have the answers to my burning questions, nor did I actually expect her to. But the questions are out there now, and if we could encourage other customizers and collectors to inundate their phone lines with similar questions, perhaps we could initiate the change we'd like to see.
TRU does currently haves eleven figures on their website that are marked down to $14.99, in their defense.
Call 800-255-5516 to speak to a live Hasbro customer service rep.
The price of this hobby(collecting) forced me further into the part of the hobby I enjoy most which is customizing. Many a times I've created a fig b/c I know I'll never afford it *Cough!* Mezco Batman! Cough!*
At the end of the day these prices, & lack of availability might be what we need 2 corral us back into a moderate realm where we can collect but it is under control & not hindering our relationships or living space.
You have a point about the living space. I, like the writer of the article, was one who kept many of my toys in the original packaging. Boxes upon boxes of toys that had very little resale value, as I'm now discovering. Eventually I needed a small storage space or huge closet to keep them in. After moving them around year after year, one day I just got fed up and opened probably 80% of them. What had initially been stored in 20 boxes now fit into 3. It was very liberating, much like hacking into your first figure as a customizer - remember that? 'How can I destroy this mint figure?? (ten minutes later plastic fumes filling my head, shavings covering my body, I'm hooked) of course, I have now totally forgot which weapon goes with what figure.
I think there's a catharsis to this hobby of customizing. You have to take something that you initially held as valuable in itself, and destroy it to create something you feel is better and more valuable than the sum of it's parts. There was probably a point in history where canvas was prohibitively expensive, or oil paint was when it was when it was still raw materials taken from the earth, yet artists are most resourceful, and will always find a way to make art if they're passionate enough about it. I wonder if bitching about material costs is all just part of the creative process...
That said, I was lucky enough to stumble across a small collectors toy store here in Portland, OR, that has a $10 bin of loose Marvel Legends figures, and found one of the newer Scarlet Witch figures and immediately snatched it up...without having to beat up a nine year old or anything!
I'm sure complaining about the cost of things is something artists have always done, the problem comes when there's no cheaper alternative and they move on to other artforms, killing the previous artform. Although, in true artistic vision, having something die to give birth to something else isn't a "problem", it's just part of the artistic process.
The only reason I can customize now is because I take commissions, so the customers pay for parts. If I didn't have any customers popping up, that would be it, no more customizing for me.
http://www.battlegrip.com/five-reasons- ... ore-today/
and a good one about toy addiction from io9
http://io9.gizmodo.com/5963592/the-dizz ... fying-lows
It really does feel like an addiction, when you're really into it. I have that same story, getting to TRU before they opened, waiting, shoving a 9 year old aside so I can score the first mint figure I see, okay, never really did that, but came close a few times. I miss those days like a junkie misses his fix. But I realize it was ultimately harmful, and like Tom Waits said, 'I wish I had all the money I used to spend on dope.'
It's been a long time since I got high on off-gassing plastic fresh outta the package. sigh.
What I'd like to do is make a documentary about the toy biz, pun intended. The decline of the 12" G.I. Joe, which they always said died because of rising production costs, and the rise of the 3" action figure. Maybe I should Kickstarter that....
However, I think its total bullshit because prices always go up and never down, despite the fluxuating price of plastic/oil. Im absolutely sure toy companies want to see just how much they can charge before people tell them to funk off and stop buying. It takes a certain kind of mindset to run a company, you have to screw your customers to keep making higher profits to keep your investors happy.
If I had millions of dollars I would invest it in creating a new durable paint formula, and of course a few original toy lines. As a single person, I want to say I would set prices low, but enough that I can make my investment money back and just break even. I like seeing good toys out there, profits arent important to me.
However, I don't live in a void, the government notices millionaires and says hey mother funker, youre too rich, give us half your money in taxes or else we throw you in jail for life and take it ALL. If all you do is break even and the goverment is constantly stealing 30 to 50 percent of your money every year, youre gonna be broke real quick. You need to consistently turn a big profit to keep your business alive, which means raising prices.
Im sure im grossly oversimplifying, but thats the impression I get.