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#1 out of 1
business6h ago
BBQ lovers beware: Middle East conflict might disrupt your summer plans this year
- Rising energy costs tied to Middle East tensions are pushing up beef and propane prices this summer.
- Beef prices are rising as cattle supply remains tight and the U.S. herd shrinks.
- Propane costs have surged nearly 19% since the conflict began, impacting grilling season.
- Diesel prices have climbed, increasing the cost of moving cattle and beef nationwide.
- Grocery beef prices rose from about $8.70 to $10.08 per pound over a year.
- Cattle supply constraints may extend price pressures even if energy markets ease.
- The article links energy costs to broader economic effects beyond meals.
- USDA data shows a year-over-year beef price increase amid supply tightness.
- Ranchers face higher energy costs from farming to transport.
- Beef and propane will be affected as energy markets tighten globally.
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