Have you ever thought that oil prices and recycling could have a connection? Since recent oil prices have significantly dropped, it's putting a crunch on the recycling industry. As crude oil prices continue to crash, the result makes it cheaper for plastic companies to use new or virgin materials versus the goods you can recycle. Recycled plastics prices are extremely low, and for some waste management companies or local government affiliates, they are now having to pay to have their materials removed.