There is not going to be an agreement to end the war.
Everyone Talks About The Cost Of Gasoline… Soon Everyone Will Be Talking About The Cost Of Food
“The big story right now is oil… The next story is food.”
For most people, the price of gasoline is the most obvious consequence of the war in the Middle East. As I write this article, the average price of a gallon of gasoline in the United States is $4.56. Of course, in some parts of the country, consumers are paying much more than that. This is a big story, and the truth is that gasoline prices are going to go even higher in the months ahead.
But if you think that the price of gasoline is bad, just wait until you see what eventually happens to food prices. The price of diesel has been rising even faster than the price of regular gasoline, and fertilizer prices have been absolutely skyrocketing. Those costs will get passed along to the rest of us. It is just a matter of time. Meanwhile, our farmers are dealing with drought conditions that are unprecedented, and now a “Super El Niño” is coming.
What all of this means is that food prices will rise to very painful levels.
So even though everyone is complaining about rising gasoline prices at the moment, one prominent economist is warning that “the next story is food”…
Continue reading Soon Everyone Will Be Talking About The Cost Of Food























