Severe Oil Shock

Asia may get hit the worst

Bupha Sahaphong, 54, doesn't follow the global oil futures markets that closely. But the Bangkok housewife has felt the impact of the recent stratospheric rise in oil prices right in the billfold. A year ago, it cost her $14 to fill up her tank. Now, it's more like $23--and she has to swallow the fuel bills for her two kids who drive, too. Recent swings through the grocery store also fill her with angst. "Now, the price of vegetables is up," laments Bupha. "Soy sauce is up, everything is up."

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