Price of gas has gone up almost 50 cents in the last 2 weeks, and is currently sitting in the $3.47 a gallon range. A couple of years ago when gas touched $3 a gallon, fertilizer for growing food went to $22 – $23 for a 50 pound bag.
The higher cost for fertilizer and fuel pushed food prices up. As the price of fuel came down, the price of food came down.
But now, instead of the price of fuel slowly creeping up, its skyrocketed through the roof. Overnight prices go up 5 – 7 cents. The cost of fuel will sooner or later be passed down to the consumer.
A couple of days ago a buddy of mine and I were talking about the current shortages in freeze dried and dehydrated foods. My buddy has the opinion that the current shortages are caused from last years food crops being depleted. That once the crops from 2011 are harvested, that the shortages will fade away.
Lets say for a minute that my buddy is right. Last years crops are depleted, we have nothing in reserves, and once this years crops are harvested everything will be ok. If this theory is correct, we are just 1 season from starvation.