Oil prices keep on plummeting, and although it’s nice for those of us who own gasoline-demanding cars, it tends to hinder sales of electric cars and the overall development of renewables to a certain extent. There is one major upside to these exceptionally low prices: the cost of food drops, which is significantly important for those without enough to eat. Oil prices are always a factor in determining the price of food, with farm machinery, fertilizer and transportation all depending on oil to function. When prices of oil go down, so do the costs of making and buying food. If there is an upside to the drop of oil prices, it is that more people will be able to eat or save money on food costs.
The huge, hidden upside to low oil prices
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