How do low oil prices affect life where you live?

The World
A customer holds a nozzle to fill up his tank in a gasoline station in Nice December 5, 2014.

A customer holds a nozzle to fill up his tank in a gasoline station in Nice December 5, 2014. 

Eric Gaillard

The oil price has sunk to a 13-year low. Since the dramatic falling of global oil prices in late 2014, we've seen reports of how it has influnced geo-politics and upended economies, how it's tanking the stock market and even why it's happening.

But one thing seems missing from the conversation. We haven't heard much about how this historic fall in oil prices is affecting the lives of everyday people.

Brent Crude Oil Spot Price was US$27.36 per barrel as of January 19, 2016.

Brent Crude Oil Spot Price was US$27.36 per barrel as of January 19, 2016.

Credit:

FindTheData

In the Canadian state of Alberta, where the economy is 30 percent dependent on oil and gas, the impact goes far beyond the oil and gas industry. Bloomberg Business reported that even employees of the world-famous Calgary Stampede rodeo got the boot after a drop in funding and site bookings.

Local food bank use in Alberta also saw a 23 percent increase in the 12 months that ended March 2015, which is Canada's biggest increase, according to the same report.

The ripple has also hit developing countries.

In Malaysia, a southeast Asian country that generates 30 percent of its revenue from its national oil company, the government was forced to suspend state-sponsored scholarships for degree courses and pre-university programs. This would affect some 700 high-performing students this year.

Does the falling oil price also affect your life? Now is your turn to share your stories.