Rumors from our suppliers that fertilizer will go through the roof, and then when it comes to food you're going to see all of them skyrocketing. It's simple, you use fertilizer at 300% and gas at 200% the price you must at 25% or you won't get even, you don't use them your production is cut by 4 or 5 times, and then the law of demand and offer kicks in.
Prepare for a food shock new year, if farmers can't get cheap fertilizer/gas/seed in the spring in autumn you'll see twice the price for everything.
Its been said the human population of the world didn't explode, until the vast number of uses of crude oil were discovered.
Fuel for transportation is one use. Fertilizer and pesticides are another. Gasoline, crop fertilizer and pesticides are all synthesized from crude oil.
Which can both simplify and complicate addressing the issues we face.
I would encourage everyone to begin searching for alternatives to anything oil based. Thanks to modern science, there are many alternatives out there.
Don't expect oil prices to decline anytime soon. It won't happen. In my opinion anyway.