We sympathize with consumers ordsprog

We sympathize with consumers paying high gasoline prices. We are trying to help public-policy makers understand what makes prices high.

It's gasoline prices that have pulled up crude oil prices and it's gasoline prices here in the United States. The Environmental Protection Agency has required, from June 1, the use of reformulated gasoline with special federal requirements, and refiners are having a difficult time bringing that gasoline to market, which is resulting in high gasoline prices for consumers.

Jordan Horoschak

I'm just like everybody else. I'm tired of paying high gas prices at the pump. … This is a way to give consumers and businesses and school districts immediate relief from high gas prices.

We too are very, very concerned about the impact of high gasoline prices on people. There are some steps that can and should be taken.... But waiving the Clean Air Act is not one of them. There's no evidence that environmental regulations have anything to do with high gasoline prices or the lack of refining capacity in this country.

Although employment levels remain high, particularly here in Florida, consumers are being squeezed by high energy prices and high levels of debt. Consumers are certainly beginning to curtail their spending in reaction to the rise in gasoline.

We might see some reflection on crude prices as well as gasoline prices going forward, but not by much. I hope that people do not have high hopes for much lower crude prices or gasoline prices, because that is not in the cards.

High gasoline prices gradually eat away at income. The effect isn't felt all at once. We have seen consumers change their behavior in recent months and there should be further changes if prices stay at these levels.

The new dynamic is really a function of high oil prices and high gasoline prices and increasing recognition that there is a need to go to alternative fuels such as ethanol.

Consumers are getting used to high gas prices. Gas prices were high during the (Christmas) holiday season, and people were still out there spending money.

The reasons for high gasoline prices are very clear: the high cost of crude and the high cost of manufacturing gasoline. The idea that this is some sort of conspiracy is very unfortunate.

It's clear that high (gasoline) prices are a burden for consumers and the economy,

Gerhard Schroeder

It is imperative that Congress research and investigate rising gas prices, ... High gas prices have the potential to derail our economy. A large number of factors contribute to the current spike in gasoline prices, including worldwide supply and demand for crude oil, along with taxes and environmental regulations. This problem will require both long-term and short-term solutions. This task force will seek to identify and eliminate any federal barriers that are contributing to unnecessarily high prices in the short-run.

The correlation between high oil prices and stocks has not been day-to-day. Sometimes the stock markets can ignore high prices, and the big debate is when will the prices get so high that they hurt the economy.

The relationship between supply and demand is relatively balanced in California, so normally we should see stable prices. However, speculators in oil and gasoline markets have kept prices high, and that has filtered down to local gas pumps. The trend for higher gas prices is expected to continue for the next several weeks.

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We're seeing signs that consumers are starting to feel the impact of persistently high gas prices. As prices stay high we're going to see the impact broaden from discount to more mainstream retailers.

Michael Gregory

Nordsprog.dk

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