If the price of oil drops then why doesn't the price of food drop as well.?

I get why the price of food goes up when the price of oil does. But I was wondering why the price of food stays up? If the price of oil drops, the price of food doesn’t.

11 Responses to “If the price of oil drops then why doesn't the price of food drop as well.?”

  1. Zoe Watt Says:

    If people were willing to buy a product for a new high price, that becomes the new norm.

    Only when people stop buying a product does the price go down.

  2. Antwoin Dodson Says:

    Because they are making profit, why change that?

    Pretty soon half of America will be on food stamps if prices keep rising.

  3. Foghorn Says:

    Food, and oil for that matter, are rising because of the continued debasement of the dollar.

  4. Matthew D Says:

    more details needed. food stores are actually quite low right now. and unlike oil; food is more stable in terms of consumption.

  5. El Tecolote Says:

    It does. If it doesn’t where you live, then MOVE. They’re screwing you over.

  6. Obama Jobs Killaâ„¢ Says:

    When money is being printed like it’s a Parker Brothers brand board game, don’t expect the price of anything to go down

  7. Tom Says:

    You might be expecting price lowering to occur too quickly. Oil; and food: are two very different commodities. Weather can drive food prices higher, as can growers refusing to grow low income crops. Oil prices are simply a part of the rise in the cost of food products; but it’s not the total cause for increases.

  8. Elian Gonzalez Says:

    axx owe bama….

  9. Bull in the China Shop Says:

    Food will drop eventually. It just takes longer for the drop to occur. At this point food prices increase almost as rapidly as oil because of high-speed trading in agricultural futures. But the trading algorithm software used by modern finance companies tends to register declines in commodity values more slowly than human traders do.

  10. Peace Sustainability Says:

    It will if people stop buying it. This would have to be accomplished seasonally by growing gardens, shopping at farmers markets, and small shops, not the chain stores. Otherwise, once they raise prices, if people accept those prices it’s greater profit for the corporation, so it’s good for their bottom line. If chains start to lose customers, and lose profit due to a fall-off in business, they’ll roll back prices to attract the business back.

  11. virgod Says:

    Siam, I feel your pain, but explanation is simple: you see the people who process, package, transfer and sell food – already got a little addition to their paycheck for oil-food increase, but you can’t take it back from them, when oil price drops – yes? In fact, no one should worry about that lack of balance: if Americans won’t demand of the government to immediately use our own resources and stop an economic catastrophe – first oil and then food’s prices will skyrocket continually… Sorry to say…