Coffee prices climbing, gasoline prices on the way down

The fuel that gets your body moving in the morning, coffee, could be on its way up in price, thanks to a worldwide shortage. The fuel that runs your car, however, could be on the way down, thanks to a nationwide glut.

Coffee growers in Colombia, where much of the higher-quality beans come from, have been hit by bad weather and a fungus that is damaging plants, resulting in back-to-back bad harvests and the prospect of another to come. Since Colombia is the third largest exporter, the result is a sharp climb in the coffee bean market. Arabica bean futures for December delivery areselling at $1.94 a pound, up from around $1.40 in June.

According to CNN Money, J.M. Smucker (Folgers, Dunkin' Donuts and Millstone) has already increased shelf prices by 10%, while Kraft (Yuban, Maxwell House) raised its prices by 9%.