This is why I shrug when the price of gasoline goes up here. Sure, it has an indirect affect on many things, including the price of food. But in terms of direct financial impact, it's pretty minimal.
For a change in the price of gas to matter to your personal budget, you need to drive a car. Already, you're doing ok. You have a car. You're not starving, and you probably have a place to live - food and shelter are more important than driving, so if you're starving, you take the bus. Heck, a lot of people simply take the bus anyway. Or bike. Or walk. You don't really need to drive.
But you need to eat. Increasing food prices are dangerous. Sure, 90% or more of Americans will shrug, pay a bit more, and cut some luxury expense (here I use the term luxury very loosely - shoes could be a luxury).
But 2.5 billion people live on less than $2 a day. When $1 only buys a kilo of broken rice, those people are starving.
Meanwhile, I filled my tank this morning. The gas was 10% ethanol, which comes (though a complex and inefficient process) from corn. My car ate more grain today than 37% of the world population will.
Thoughts and observations from a wine-loving software engineer living in Oregon.
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