A natural gas shortage around the world has led to a spike in energy costs that is going to have a significant knock-on effect on food and fuel One major impact of higher natural gas and coal prices has been a spike in the price of fertilizer, which will cause food prices to rise A tighter supply of corn will also increase the price of ethanol used for blending into gasoline Consumers all over the world have already started to feel the pinch of the global natural gas crisis and surging prices in Europe and Asia. Households in Europe are paying much higher gas and power prices, while nearly half of U.S. consumers are bracing for a 30-percent jump in winter energy bills as they primarily use natural gas for heating. The pain for consumers won’t stop with higher winter energy bills. The natural gas price surge has also […]