The Transom, Ben Domenech, Friday October 28, 2016

http://vlt.tc/2lud “Just a few years after a historic run-up in the price of food—grocery costs in the U.S. have been on a steady decline in the U.S. for most of this year. There are plenty of factors contributing to that, but here’s a big one: oil. Not only is energy a big part of the cost of producing food, but oil is also a big part of the cost of producing many fertilizers. On top of that, cheap crude drives down demand for biofuels, further driving down crop prices. It turns out years of sinking oil prices have been good for more than just road trips. Shoppers, rejoice.”