Cars & Coffee to be held at Calhoun on Saturday
It's an opportunity for people to connect with fellow automotive enthusiasts, meet with the North Alabama British Motoring Society, and have free coffee.
—erica.smith@decaturdaily.com or 256-340-2460.
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Yahoo
9 hours ago
- Yahoo
Coffee prices are soaring. Tariffs could drive them even higher.
How many price hikes are Americans willing to stomach for their morning coffee? Roasted coffee prices surged 12.7% in June compared to a year earlier, according to inflation data from the Bureau of Labor Statistics, while instant coffee saw a 16.3% increase. The retail price for a pound of ground coffee last month was $8.13, up about $1 since January. Still, demand isn't likely to go anywhere but up in the US, where Americans drink more coffee each day than bottled water. Instead, coffee drinkers may want to prepare for a future where prices ratchet up even further thanks to a combination of tariffs, rising global consumption, and climate change. Read more: Are tariffs costing us more? 'As a coffee lover, I wish $8.13 were likely a ceiling. I sincerely doubt it,' Chris Barrett, an agricultural economist at Cornell University, told Yahoo Finance. 'I don't know what might be in store because that depends an enormous amount upon weather in key growing areas. But given the tariffs that seem likely to go into effect over the coming month or so, it's unlikely prices are going to come down. They're likely to go up, perhaps quite appreciably.' In April, President Trump set a universal 10% baseline tariff with higher "reciprocal" tariffs set to take effect Aug. 1. Trump has threatened Brazil, the world's top coffee producer, with a 50% tariff, while imports to the US from Vietnam, the world's second-largest coffee producer, are looking at a 20% tariff, Trump has said. Everyone wants coffee Last year, world coffee prices increased 38.8% from their average levels in 2023, according to a report from the Food and Agriculture Organization of the United Nations. Price increases in 2023 and 2024 were largely driven by adverse weather conditions in major coffee-producing countries like Brazil, Indonesia, and Vietnam and increased shipping costs, the report noted. 'Brazil is the biggest coffee producer in the world,' Barrett said. 'When you get a hot, dry period in the Brazilian coffee-growing regions, that depresses supply. We saw that last year.' Some growers have sought to plant at higher altitudes to mitigate the effects of warming temperatures and drought, even moving into areas that were traditionally used for tea production, Barrett said. But supply can hardly expand enough to keep pace, especially as demand increases in countries like China. 'The impact of prices globally really stems from increased demand and issues that coffee growers are facing, primarily related to weather conditions,' said Billy Roberts, a senior economist of food and beverage at CoBank's Knowledge Exchange research division. Sign up for the Mind Your Money weekly newsletter By subscribing, you are agreeing to Yahoo's AGB and Datenschutzerklärung That demand for coffee is pretty steady, Roberts noted, so consumers are willing to spend a bit more when they have to. Higher prices may translate to consumers drinking more coffee at home, but 'consumers are going to continue to have their coffee — it's just going to be a question of where they're ultimately going to do so.' Read more: 5 ways to tariff-proof your finances Taylor Mork, co-founder and president of Crop to Cup Coffee Importers, a specialty coffee importer based in Brooklyn, noted that the 'real scary rise' in prices came when futures for arabica in New York — the world's most popular beans — soared past $4 a pound earlier this year. Coffee futures have since cooled from those record highs closer to $3 per pound amid expectations that world coffee production will be higher this year, though Barrett noted that futures have swung higher recently due to tariff concerns. In Mork's business, tariffed coffee imports are only just starting to arrive in the US, and tariff bills from US Customs are 'rolling in now quite steadily.' 'Our costs for quite a while have been up about a dollar a pound,' an increase of more than 30%, Mork said. 'That's pre-tariff.' Still, there are a few silver linings for coffee enthusiasts: The price differential between specialty beans and the cheaper stuff has been narrowing, Mork said. 'Even with these price increases, the portion of roasters and consumers that are purchasing high-end coffees — which are just getting more expensive — is not falling,' Mork said. Emma Ockerman is a reporter covering the economy and labor for Yahoo Finance. You can reach her at Sign up for the Mind Your Money newsletter Melden Sie sich an, um Ihr Portfolio aufzurufen.
CNET
10 hours ago
- CNET
I Don't Drive Anywhere Without This Car Battery Jump Starter, and It's 40% Off Right Now
I learned a lot about cars from my grandfather, who was an auto mechanic, but I never had to deal with car troubles on my own until I had to jump-start my car battery by myself. My beloved 2011 Toyota was making a weird sound when I turned the key, and it wouldn't start. Like any responsible young adult, I immediately FaceTimed my dad and played the sound for him. He determined in less than a minute that I'd need to jump-start my car to get it running. (Spoiler: He was right.) Ever since then, I've been sure to keep several key items in my car in case of an emergency, and one of those is a portable jump starter. The Powrun P-One is the jump starter I keep in my trunk, and I recommend it to absolutely everyone I know. Right now you can get it for just $60 at Amazon. That's 40% off the normal list price of $100. This 12-volt portable jump starter battery pack can start my car in seconds without another car or anyone else's help. Complete with mini jumper cables and instructions, it's practically idiot-proof. (I say this proudly as a car idiot who has used this pack several times to jump-start my car.) It's incredibly easy to use. You prepare your car like you would if you were jumping it from another car. Pop the hood, locate the battery and attach the jumper cables. Then, using the black connector attached to the jumper cables, you plug the jumper cables into the battery pack, matching up the blue plug to the corresponding port on the battery pack. Then, you flip the switch to turn the battery pack on, and a green light on the jumper cable connector will signal you have a good connection. All you have to do is retry starting your car, and that extra charge bank should give you the juice you need to get it running. This battery has enough juice to jump-start your car up to 25 times from a single charge and is compatible with 12-volt gasoline and diesel engines. Plus, it has an intelligent safety system (in the form of eight types of protection systems) to make sure you don't electrocute yourself. In addition to helping you get moving, this battery also comes with a flashlight, compass and ports you can use to charge your phone or other devices. It also has a display screen that shows your usage and remaining battery power. It's lightweight, compact and easy to store in your glove box or trunk. This is everything that comes with the battery jump starter. Amazon Why I recommend the Powrun P-One to everyone I don't like to tout any product as life-saving, but this one really could be. Luckily for me, my car battery died during daylight hours in a relatively safe place, but the situation easily could've been much worse. Aside from the convenience of not needing another car to get a jump start, this portable jump starter is as much a safety tool as it is a car tool. I feel much better driving around knowing I have it in my trunk, ready to go if needed. If you use the Powrun P-One only once, it'll probably provide relief that will justify its purchase. While you might not normally think of a jump starter as a gift, hear me out: It's actually a great gifting idea for the young adults in your life. This jump starter may not be the "coolest" gift, but it's practical, thoughtful and sets the recipient up for real-world adulting. Plus, if your giftee ever needs it, you can most definitely expect a thank you call or text afterward. For more ideas, check out our road trip checklist. And to see more deals like this, find our list of the best deals on portable jump starters going on now.
Yahoo
10 hours ago
- Yahoo
Coffee prices are soaring, but not for the reason you think
How many price hikes are Americans willing to stomach for their morning coffee? Roasted coffee prices surged 12.7% in June compared to a year earlier, according to inflation data from the Bureau of Labor Statistics, while instant coffee saw a 16.3% increase. The retail price for a pound of ground coffee last month was $8.13, up about $1 since January. Still, demand isn't likely to go anywhere but up in the US, where Americans drink more coffee each day than bottled water. Instead, coffee drinkers may want to prepare for a future where prices ratchet up even further thanks to a combination of tariffs, rising global consumption, and climate change. Read more: Are tariffs costing us more? 'As a coffee lover, I wish $8.13 were likely a ceiling. I sincerely doubt it,' Chris Barrett, an agricultural economist at Cornell University, told Yahoo Finance. 'I don't know what might be in store because that depends an enormous amount upon weather in key growing areas. But given the tariffs that seem likely to go into effect over the coming month or so, it's unlikely prices are going to come down. They're likely to go up, perhaps quite appreciably.' Sign up for the Mind Your Money weekly newsletter By subscribing, you are agreeing to Yahoo's Terms and Privacy Policy In April, President Trump set a universal 10% baseline tariff with higher "reciprocal" tariffs set to take effect Aug. 1. Trump has threatened Brazil, the world's top coffee producer, with a 50% tariff, while imports to the US from Vietnam, the world's second-largest coffee producer, are looking at a 20% tariff, Trump has said. Everyone wants coffee Last year, world coffee prices increased 38.8% from their average levels in 2023, according to a report from the Food and Agriculture Organization of the United Nations. Price increases in 2023 and 2024 were largely driven by adverse weather conditions in major coffee-producing countries like Brazil, Indonesia, and Vietnam and increased shipping costs, the report noted. 'Brazil is the biggest coffee producer in the world,' Barrett said. 'When you get a hot, dry period in the Brazilian coffee-growing regions, that depresses supply. We saw that last year.' Some growers have sought to plant at higher altitudes to mitigate the effects of warming temperatures and drought, even moving into areas that were traditionally used for tea production, Barrett said. But supply can hardly expand enough to keep pace, especially as demand increases in countries like China. 'The impact of prices globally really stems from increased demand and issues that coffee growers are facing, primarily related to weather conditions,' said Billy Roberts, a senior economist of food and beverage at CoBank's Knowledge Exchange research division. That demand for coffee is pretty steady, Roberts noted, so consumers are willing to spend a bit more when they have to. Higher prices may translate to consumers drinking more coffee at home, but 'consumers are going to continue to have their coffee — it's just going to be a question of where they're ultimately going to do so.' Read more: 5 ways to tariff-proof your finances Taylor Mork, co-founder and president of Crop to Cup Coffee Importers, a specialty coffee importer based in Brooklyn, noted that the 'real scary rise' in prices came when futures for arabica in New York — the world's most popular beans — soared past $4 a pound earlier this year. Coffee futures have since cooled from those record highs closer to $3 per pound amid expectations that world coffee production will be higher this year, though Barrett noted that futures have swung higher recently due to tariff concerns. In Mork's business, tariffed coffee imports are only just starting to arrive in the US, and tariff bills from US Customs are 'rolling in now quite steadily.' 'Our costs for quite a while have been up about a dollar a pound,' an increase of more than 30%, Mork said. 'That's pre-tariff.' Still, there are a few silver linings for coffee enthusiasts: The price differential between specialty beans and the cheaper stuff has been narrowing, Mork said. 'Even with these price increases, the portion of roasters and consumers that are purchasing high-end coffees — which are just getting more expensive — is not falling,' Mork said. Emma Ockerman is a reporter covering the economy and labor for Yahoo Finance. You can reach her at Sign up for the Mind Your Money newsletter Sign in to access your portfolio
