The drought and heat wave that have plagued the Midwest to central Plains have resulted in smaller corn yields and rising prices for the consumer.
But there may be a way to combat the shortage and put a little bit of money back into the pockets of consumers, one expert says.
According to Dr. James Dunn, professor of Agricultural Economics at Penn State University, decreasing the amount of ethanol in our fuel could mitigate the shortages and bring down the cost of corn and corn-dependent products.
On average, the U.S. uses 40 percent of its corn crop for ethanol.
"We have a mandate to have 10% ethanol in our gasoline. To a certain extent, that usage is optional," said Penn State University Professor of agricultural Economics, Jim Dunn.
"It's mandatory because of the law but it's possible that the government, if they chose to do so, could suspend that or lower the percentage to 7%, and that probably would relieve the pressure dramatically, should they do that," Dunn said.
Though the government has never before altered this mandate, the Congress and Senate are very well aware of the looming crisis, Dunn said.
The drought has significantly damaged the corn and soybean crop across the United States, with 88 percent of the nation now experiencing some level of drought and more than 45 percent facing moderate to severe conditions.
This past month was the most widespread, severe drought for the U.S. in July since the Dust Bowl days of the 1930s.
With experts speculating the continued increase in the cost of meat, dairy, animal feed and other corn-dependent products, a greater surplus of corn through the lessened usage of ethanol would help to lower prices across the board.
While a decrease in the percentage of ethanol added into fuel would mean an increase in the amount of gasoline, it would not make a noticeable difference in the cost of fuel.
"The day-to-day variation is such that we wouldn't really notice that kind of a change," Dunn said.
"We'll know better when the new crop report comes out, but at this point, it looks like a significant portion of [farmers] are in really pretty bad shape."
As the Northeast further dries out amid another rain-free weekend, residents may be wondering if this is a sign of things to come for July.
Severe weather is threatening the north-central United States this weekend, including some areas that were hit by violent storms on Wednesday.
Showers threaten to cause delays on a nearly daily basis next week at the 2016 Wimbledon Championships.
At least 23 people have died in West Virginia as a result of extreme flooding that inundated portions of the state on Thursday.
Another round of sizzling heat threatens to aggravate the ongoing wildfire situation across the southwestern United States through early week.
Air conditioning costs U.S. homeowners nearly $11 billion in energy expenses annually, according to the U.S. Department of Energy.
Portland, OR (1925)
101 degrees -- earliest over 100 in city's history.
Anchorage, AK (1953)
86 degrees -- record high for city.
Ohio Valley, Lower Great Lakes (1988)
Extreme Heat: Location: High Temperature(F): Canton, OH 100 Erie, PA 100 Milwaukee, WI 100 Pittsburgh, PA 98 (June record) Youngstown, PA 99 (hottest so early in season) Buffalo, NY 96 Toledo, OH 104 (June record) Detroit, MI 104 (June record tied) Chicago, IL 103 Cleveland, OH 104 (all-time record) Ft. Wayne, IN 106 (all-time record tied) South Bend, IN 104 (June record) Cincinnati, OH 102 Dayton, OH 102 (June record) Evansville, IN 101 Indianapolis, IN 102 (June record tied) Lexington, KY 101