Tuesday, June 24, 2008

Hawaiians Suffer from Oil Spiked Food Costs

Hawaii food prices gas costsLiving in Paradise comes at a price. And for Hawaiians, they pay for it every time they shop for food.

CNN recently ran a report that looked at the higher food costs in Hawaii: Over $7.00 for Orange Juice, $8 for a jar of peanut butter, $5.50 for a loaf of white bread and $6.50 for a gallon of milk.

And what's causing these higher food prices? Higher energy costs.
"Recently however, prices have started shooting up even higher. With the explosion in fuel prices, shipping companies have been tacking on fuel surcharges, and they're going up almost every week.

Tim Kennedy runs a Los Angeles-based warehouse that ships produce to Hawaii. "We're seeing these increases from all over. From the trucks that bring this product into here, to the airlines, to the ships that take these containers to Hawaii."
We've said it here before. Higher fuel costs are impacting food costs. Whether it's Hawaii, rural Montana, or in downtown New York City, higher fuel costs are the major cause for food price inflation.

Read the full story about Hawaii's food inflation fueled by higher fuel costs HERE and watch the video HERE.

Source: CNN


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