your grocery bill is a hormuz story and nobody is connecting it. diesel moves food. tractors run on diesel. trucks run on diesel. refrigerated transport runs on diesel. oil just hit 118 because the strait has been closed since february. beef is up 12 percent. orange juice up 25. ground beef up 17. coffee climbing. USDA says food inflation is 3.1 percent this year but that number was calculated when oil was 90 not 118. the thing driving your grocery bill higher isnt the grocery store. its a waterway 7000 miles away that 20 percent of the worlds oil used to flow through
Your grocery bill is a Hormuz story and nobody is connecting it
byu/Mother-Grapefruit-45 ineconomy
Posted by Mother-Grapefruit-45
5 Comments
My man, everyone outside of MAGA is connecting it.
Isn’t everything moved by diesel affected…?
And in six months lots of food will double in price. No fertilizer means a lot less in production. Supply and demand.
Holy cow you’re a genius! Please tell us which stocks you buy!
This is a retarded post. The food was already up before this war. It’s only gonna get worse now though.