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Rising Energy Prices Blamed for High Food Prices

Posted Wednesday, April 9, 2008

Featured on Episode 12 of the 2007-2008 season

 

We’ve all heard about the high price of gasoline today. The price of gasoline can also affect the price of food and rising food prices have hit families across the United States hard. Economists say severe weather in the southern United States and Australia is partly to blame for rising food bills, but others are pointing to another culprit: energy. The price of crude oil has risen, making it more expensive to transport and package food. The rising production of the gasoline additive ethanol, a biofuel made from corn, has caused the price of corn to go up. Maggie Lake explains how all of these fuel and food costs are related.

Additional Information

http://www.technologyreview.com/Energy/18173/
http://www.eia.doe.gov/kids/energyfacts/sources/renewable/ethanol.html
http://www.arkansasrenewableenergy.org/fact%20sheets/Ethanol.pdf
http://www.harvestcleanenergy.org/biofuel/sub_biofuel_ethanol.htm

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