Every time you fill your gas tanks, think about what your doing. I beg you, start walking, bike riding, bus riding, car pooling, anything to stop this madness.
Demand Pushes Beer Prices Higher.
(NBC) -- All those new Ethanol E-85 pumps may soon pump up beer prices. The price of corn is on the rise because it is used in ethanol-based fuel. Many farmers are ditching barley, which is used to make beer, to grow more corn.
That translates into higher barley prices and could produce more expensive beer.
Doug Odell, owner of Odell Brewing Company in Fort Collins, Colorado paid for this year's barley last October when the price was relatively low.
Since then he has been watching the price of what he calls the ''backbone of every beer'' skyrocket and does not know when it is going to stop.
''It's kind of scary to think about,'' said Odell.
Still, Odell doubts the consumer will see a large jump in beer prices any time soon.
''You can't just go raise your price based on your cost. You have to see what your competitors (do) and what the market can handle,'' Odell claimed.
If corn ethanol continues to spread, though, Odell says nothing is guaranteed.
''It may not happen right away, but I can't see that brewers can go too long with such an increased cost of production and not passing on some of it,'' said Odell.
The barley prices may have an effect on some of the larger breweries as well.
Budweiser released a statement saying, ''Like many industries, the beer industry is experiencing cost increases in raw materials. This is just one of many factors that contribute to beer costs. While we cannot disclose details of pricing, we feel it is important to offer competitive prices to growers for their barley crops.''
NBC
Demand Pushes Beer Prices Higher.
(NBC) -- All those new Ethanol E-85 pumps may soon pump up beer prices. The price of corn is on the rise because it is used in ethanol-based fuel. Many farmers are ditching barley, which is used to make beer, to grow more corn.
That translates into higher barley prices and could produce more expensive beer.
Doug Odell, owner of Odell Brewing Company in Fort Collins, Colorado paid for this year's barley last October when the price was relatively low.
Since then he has been watching the price of what he calls the ''backbone of every beer'' skyrocket and does not know when it is going to stop.
''It's kind of scary to think about,'' said Odell.
Still, Odell doubts the consumer will see a large jump in beer prices any time soon.
''You can't just go raise your price based on your cost. You have to see what your competitors (do) and what the market can handle,'' Odell claimed.
If corn ethanol continues to spread, though, Odell says nothing is guaranteed.
''It may not happen right away, but I can't see that brewers can go too long with such an increased cost of production and not passing on some of it,'' said Odell.
The barley prices may have an effect on some of the larger breweries as well.
Budweiser released a statement saying, ''Like many industries, the beer industry is experiencing cost increases in raw materials. This is just one of many factors that contribute to beer costs. While we cannot disclose details of pricing, we feel it is important to offer competitive prices to growers for their barley crops.''
NBC
