Bad peanut crop causes national peanut butter price hike from Jif, Skippy, Peter Pan and Planters

Peanut butter and jelly sandwiches are about to get a little more gourmet.

After a hot, dry summer that has devastated this year's peanut crop, big brands like Jif, Skippy and Peter Pan are raising the sandwich spread's prices, according to reports from the Wall Street Journal.

WSJ reports that Jif will be increasing its price by 30 percent starting in November, while Peter Pan will raise prices 24 percent in a couple weeks.

A spokesman for Wegmans Food Markets told the WSJ that wholesale prices for all brands it carries, including Skippy, are 30 to 35 percent higher than a year ago. And Kraft Foods Inc., which launched Planters peanut butter in June, is raising prices 40 percent on Oct. 31, the WSJ reports.