Last night, we were up at Christian’s on Pantops. The signs were all gone and they had little hand written signs announcing that the individual slice prices were going up by a quarter and $1.00 for a pie. I know that there was an article in Sunday’s Progress about Bodo’s raising their prices slightly (and still losing money on it). One of my friends thinks that the farmers are going to be making money, money, money but they don’t seem to remember (or know) how much gasoline is used.
(I’m suddenly remembering reading about the days of the Weimar Republic where people walked around with wheelbarrows full of money so they could buy a loaf of bread.)
It’s not just Christian’s, of course — prices are going up everywhere. Seth Rosen wrote about this in a pair of articles [1, 2] in the Progress this weekend. Bodo’s is taking the cost their bagels up $0.10/apiece, since the price of flour has tripled — it’s not enough to even things out for them, but it’s an improvement. Local schools are having a tough time providing food for the kids. The food bank has seen demand climb, and food stamp cases are up 10%. My wife and I went to buy a bag of grain for our horse at Southern States last week, and the price had doubled (and the quality reduced).
Remember that your standard factory-farm fertilizer is petroleum-based — your food is literally bathed in oil, and at $118/barrel, that fertilizer is getting expensive. The price of diesel has doubled, so our food economy — premised on the notion of cheap, fast transportation from California, Mexico, Chile, or New Zealand — is getting pricy along with it.