Fuel Wars

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Fuel Wars A response to the increasing gas prices 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 …

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…oil to 4.3 million per day; OPEC used the cartel technique in order to increase the price of gas. As we see the increasing gas prices, we notice the reaction of the economy. If the continuation of high prices of fuel, the economy will surly fall, and that means a lower the standards of living for millions of citizens. Therefore, the fuel prices have increased dramatically, and the economy is now starting to feel the effect.