Over the past two years, it has been said that gas prices would begin to rise in 1999. Immediately, this news grasped the attention of the business sector and public. Both spent their time devising a plan, on how to keep the prices low, but the time has come for these plans to begin working. The fuel prices have increased dramatically and the economy is now starting to feel the effect.

Around the world, the increase of the price of crude oil has hit the public harmfully. May Canadian’s heat their homes with oil, especially on the west coast, and the cost of oil has increased 50% or more with a three-month range. In America, president Clinton has begun spending countless millions of dollars, to aid the families, which who cannot afford to pay for those absurd oil prices. This cause crises causes problems to the families that need every cent they earn to continue on their daily living. The standard of living, per household drops and consumer spending decreases, in order to save enough money to pay for oil. If this continues on, it will very well cause the economy to fall into a contraction period.

In Canada the cost of fuel has hit record highs of $.69 a liter to $.71 to li

Some topics in this essay:
Fuel Wars, Charles Krauthammer, Exporting Countries, gas prices, gas prices effect, increase price, fuel prices, pay prices, gain profit, money pay, prices effect, economy starting feel, dramatically economy starting, increased dramatically economy, prices increased dramatically, economy starting, starting feel, prices increased,