Gasoline and Corn Prices Are Linked

August 2008
USA Today Magazine;Aug2008, Vol. 137 Issue 2759, p14
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.


Related Articles

  • Biofuels in the news. Reid, Keith // National Petroleum News;May/Jun2008, Vol. 100 Issue 5, p4 

    The article explains the issue regarding biofuels as a response for the increasing prices of gasoline and diesel in the U.S. The issue started when there is a rising chorus of pushback against biofuels driven by an equally shocking increase in the price of various food products. However, many...

  • Yet another price increase for petrol and diesel. Vankataraman, N. S. // Chemical Business;Jun2006, Vol. 20 Issue 6, p9 

    The article offers an insight into the movement of prices for petroleum products in India. One suggestion that has come up to deal with increasing energy prices is the promotion of biofuel projects based on jatropha. The government, so far, has been unwilling to take a firm policy decision with...

  • THE OUTLOOK FOR BIOFUELS. Rice, Bernard; Teagasc, John Finnan // Engineers Journal;May2009, Vol. 63 Issue 4, p210 

    The article provides an overview of developments in the biofuel industry in Ireland as of May 2009. High rape-seed prices have negatively affected pure plant oil (PPO) production in Ireland. The reasons for the need for Irish biofuel industries based on current technologies are enumerated...

  • Biofuels and food prices.  // Chemistry in Australia;Aug2008, Vol. 75 Issue 7, p29 

    The article reports that the global increase in the prices of biofuels and food have led to recent food riots in Haiti, Indonesia, Bangladesh, Cote d'Ivorie, Cameroon and Burkina Faso. The growing demand for biofuels is said to be influenced by the increase in oil prices. It relates that...

  • A BRIEF HISTORY OF BRAZILIAN BIOFUELS LEGISLATION. Colares, Juscelino F. // Syracuse Journal of International Law & Commerce;Spring2008, Vol. 35 Issue 2, p293 

    The article focuses on the history of the biofuels program in Brazil and the basic laws enacted to put the program in place. The first biofuel program of Brazil, the National Alcohol Program in 1973, is discussed as well as the National Program on Biodiesel Production and Usage (PNPB) in 2005....

  • Biofuels Must Be Supported. Winter, Drew // Ward's Auto World;May2008, Vol. 44 Issue 5, p3 

    The author talks about the need to support the use of biofuels. He emphasizes the dependence of countries around the world on oil which is hurting their economies due to the rising price of oil per barrel in the world market. The author points out the benefits of using biofuels, such as...

  • Sugar costs are still increasing.  // Food Manufacture;Oct2009, Vol. 84 Issue 10, p23 

    The article reports on the survey of "Food Manufacture" and Mintec Inc. on the status of sugar prices worldwide. Result shows that the global prices of sugar keep rising due to poor monsoon rains and volatile crude oil prices, while high global prices and tight supply resulted to early sugar...

  • High Crude Oil Prices Pressure CTO Market. de Guzman, Doris // Chemical Market Reporter;11/22/2004, Vol. 266 Issue 18, p16 

    Examines the impact of high crude oil prices on crude tall oil (CTO) supply in the U.S. Demand for producers in the pulp and paper industry to use CTO as an alternative energy feedstock; Issue about burning CTO; Improvement in demand for tall oil fatty acids and tall oil rosin.

  • Canadian biofuel mandate will trigger even higher diesel prices, CTA warns.  // Bulk Transporter Exclusive Insight;4/18/2011, p1 

    The article reports that Canadian Trucking Alliance (CTA) has warned that the Canadian government's proposed mandate that on-road diesel sold in the state should contain an average of 2% biofuel content, would trigger higher prices of fuel starting July 1, 2011. It says that the price of diesel...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics