Thursday, May 31, 2007

The strive for cheaper fuel ...

... has increased grocery costs by $47 per person this year.

Booming ethanol production may help lessen U.S. dependence on foreign oil, but it has already increased the grocery bill for the average American by $47 since July, according to a study from Iowa State University.

The kicker? I don't see a drop in our depedence on foreign oil, and all this ethanol production certainly hasn't translated into lower prices at the pump. In my not so humble opinion, ethanol production from food sources is simply not going to ever cut the mustard. We need food.

Instead of investing money into ethanol plants, why not invest it into better public transportation infrastructures for major metropolitan areas. That should decrease their dependency on gas, and may (hopefully?) drop prices elsewhere.

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