homeWelcome, sign in or click here to subscribe.login
     


 

 

Business



Subscriber content preview

February 5, 2007

All Business: The ethanol boom is going to cost you

  • Rising corn prices will make everything from soda to steak more expensive, and lead ethanol producers to seek more federal subsidies.
    • By RACHEL BECK
    AP Business Writer

    NEW YORK — Forget about oil as the inflation bogeyman we should fear the most. The surging price of corn is the latest threat to Americans' wallets, and where it hits them may go beyond the supermarket.

    The issue here really starts with the government's push to increase the use of alternative fuels like ethanol to reduce a reliance on foreign oil. Since most ethanol produced here is made from corn, that burgeoning boom is straining corn supplies, and boosting prices.


     
    . . .


    To read this story in full login or purchase a subscription.



    Previous columns:


    
    Email or user name:
    Password:
     
    Forgot password? Click here.