TITLE

Gasoline and Corn Prices Are Linked

PUB. DATE
August 2008
SOURCE
USA Today Magazine;Aug2008, Vol. 137 Issue 2759, p14
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article focuses on a report by HighQuest Partners, a strategic advisory and management consulting firm, which showed that the prices of corn and vegetable oils have become linked to the cost of petroleum through biofuels. This report contends that, while all of those factors are in play, the escalation in corn prices is, in reality, a matter of simple economics. Ethanol producers, who have pushed the demand for corn beyond the available supply, have become the price-setters, and the price they are setting is based on the price of petroleum.
ACCESSION #
33627254

 

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