Food Prices Rocket - Ethanol Shmethanol
Here’s another of my fav issues, the stupidity of the ethanol craze. This from the Christian Science Monitor , one of my favorite newspapers. ATLANTA and BOSTON - A gallon of milk in Birmingham, Ala., is expected to cost $4.50 this summer, perhaps more. At Wetzel's Market in Glen Rock, Pa., the New York strip steaks that were on sale for $4.99 a pound last Fourth of July will be $6.99 this year. In Boston, some shoppers report checkout prices on certain items that are 30 percent higher now than last summer. "Prices are incredible," says Suzanna Wyman, shopping Monday at Shaw's Supermarket in Boston's Back Bay. "Milk, I heard, is going up even more.... I love fresh peppers and vegetables, but they're too much. Cereal is very expensive compared to what you used to be able to get it for." The reason people are smarting: Inflation in grocery aisles is up by more in the first six months of 2007 than in all of 2006. That means food co