Hell hath no fury like a w̶o̶m̶a̶n̶ ̶s̶c̶o̶r̶n̶e̶d̶ coffee addict without coffee.
Coffee prices soared to a 10-year high on Monday, with experts projecting the high costs to last well into 2023, CNBC reported.
Coffee contracts for December hit $2.34 per pound at the end of Monday's trading day, CNBC reported. Coffee futures on the New York Intercontinental Exchange soared to $2.46 on Thursday, recording the highest price since 2011.
Additionally, the International Coffee Association's benchmark price reached $2.07 per pound Friday, surging 85% from the same date in 2020, according to CNBC.
Get ready to pay a lot, LOT more for your cup of Joe.
We go now to a live reaction outside your local Starbucks:
Oh wait, that's just a regular Antifa gathering. My bad.
Anyway, the problem is probably going to get worse.
Over the last 12 months, conditions created a "perfect storm" to drive up the price of coffee beans, especially poor weather in prominent growing regions, Ole Hansen, head of commodity strategy at Saxo Bank, told CNBC.
Other conditions include tyrannical lockdowns, fear-mongering, and outright attempts to make stuff more expensive so us little people won't use too much carbon or breathe too much oxygen.
In this way, what's being imposed on us is a tax-that's-not-called-a-tax.
We know what happened last time scheming politicians tried to tax Americans' drink of choice.
See you all at the party next month at the Port of Los Angeles!
P.S. Now check out our latest video 👇
