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ethanol
ethanol
Ethanol Raises Prices As Part Of Continuing Crusade To Liberate Nation From Expensive Foreign Oil
Ethanol is billed as the answer to America's addiction to foreign oil, but the immense demand for the corn, from which ethanol is made, is also raising prices in supermarkets and restaurants across the nation. The demand to transform corn into ethanol has already doubled the average price for a bushel of corn from $2 to $4.
The corn price increases flow like gravy down the food chain, to grocery stores and menus. The cost of rounded cubed steak at local Harris Teeters is up from $4.59 last year to $5.29 this year, according to TheGroceryGame.com, which tracks prices. The Palm restaurant chain recently raised prices as much as $2 for a New York strip. And so on.Michael Pollan best summarized our little-known reliance on corn in The Omnivore's Dilemma: More »
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Ethanol Demand To Drive Milk to $4 A Gallon, With Other Prices To Follow?
How can this be? Ethanol is made from corn and, of course, the demand for ethanol has increased the demand for corn. The demand for corn has out-stripped farmers' ability to supply more corn and thus has resulted in increased prices for corn... More »
Will More Fuel Efficient Cars Lead To Cheaper Beer?
We're assuming he means that ethanol production is to blame for the spike in grain prices. (Corn is at a 10-year high today.) More »
Why We're Paying But Not Hurting At The Pump
If gas prices are at an all time high, why are consumers driving more? Are they just idiots? Or is the price of a gallon of gas not the only thing to compute? More »
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