The gasoline index has increased 48.7% over the last year, according to the Bureau of Labor Statistics. According to AAA, the average price of gas in Cook County on Thursday was around $6 a gallon — 20% higher than the national average.
Maya and Alvin Marcelino and their son Juanito, 12, load groceries into their car after shopping at Costco in Lincoln Park on June 16, 2022.
Rising interest rates make it more difficult for people to borrow money, Braun said. “So people will cut back their expenditures, which leads to a slowing economy.” Chicago food pantries, which have their fingers on the pulse of hunger in the city, say they’ve seen increased demand since the beginning of 2022.
Food insecurity levels remain elevated from pre-pandemic levels, according to a study for the Greater Chicago Food Depository by Northwestern professor Diane Whitmore Schanzenbach. But the most affected continue to be families of color with children. Some 32% of Black families and 28% of Latino families with children suffer from food insecurity, according to the data.
Continuing economic struggles have only widened the gaps the Greater Food Depository hopes to close, its leaders said. From June 2020 to May 2022, the Greater Food Depository provided New Life with a total of 16,854,834 pounds of food at no cost to help distribute to those in need. While many drivers feeling the pain at the pump are grumbling about price gouging, DeHaan said the uptick in gas prices are driven by the market, not unlike the rising home prices in the Chicago-area market being fueled by a scarcity in supply.
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