Along with you, I have witnessed the unfortunate rise in gasoline prices that has accompanied the summer driving season and the more recent spike in prices due to Hurricane Katrina.

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Mr. Speaker, high natural gas prices and the summer spike in gasoline prices serve as a stark reminder that the path to energy independence is a long and arduous one.

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In the immediate aftermath of the hurricane, I sent a letter to EPA Administrator Stephen L Johnson urging him to waive regulations to allow for the early sale of winter grade fuel to help with gasoline shortages and gasoline prices.

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People were desperately trying to fill their seats for the summer. And so prices are really low right now. And so they are kept from raising prices to make up for that difference.

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As hurricanes Katrina and Rita raged through the southeastern United States last summer, much of America's energy infrastructure based in the Gulf of Mexico was damaged or destroyed causing gas prices to soar.

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Hurricane Katrina, coupled with Hurricane Rita, which came promptly on Katrina's heels, claimed more than 1,200 American lives. Together, they caused more than $200 billion in damage.

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We're going to have shortages and prices are going to go up. Gasoline is going to be extremely tight for us.

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Increasingly prices are set by sellers to raise their prices without a loss of sales sufficient to wipe out the gain.

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If you look - look at - I mean, look at what's going on with your gasoline prices. They're going to go to $5, $6, $7 and we don't have anybody in Washington that calls OPEC and says, 'Fellas, it's time. It's over. You're not going to do it anymore.'

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Prices are important not because money is considered paramount but because prices are a fast and effective conveyor of information through a vast society in which fragmented knowledge must be coordinated.

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This continuing spike in gas prices is bad for consumers, bad for our economy, and bad for all other businesses. It is hurting us and costing us jobs.

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I think we have to ask this administration, and the President specifically, about using their political capital now to stand up for the American consumer who is getting clobbered by these gasoline and oil prices.

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Today's gasoline prices are taking a severe toll on Americans' pocketbooks. Consumers are anxious.

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Alexandra Paul

The only way people are going to change their car buying habits, and the only way government will get behind alternatively fueled vehicles, is if gasoline prices continue to go up.

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We've done price elasticity studies, and the answer is always that we should raise prices. We don't do that, because we believe - and we have to take this as an article of faith - that by keeping our prices very, very low, we earn trust with customers over time, and that that actually does maximize free cash flow over the long term.

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We Are The Same...

gas rices up,
fuel prices up,
grocery prices up,
heating prices up...

and the poor man's dollar
is still a dollar!

cant afford sickness,
cant afford hospitals,
cant afford shelter,
cant afford, cant afford.

it's time to band together
in small communities,
and be neighbors again.

we cannot rely on the government,
on churches, on the elite...
we have each other,
and that is all!

forget about differences.
skin color, religion, politics...
let it go.
we are the same!

same needs, same desires,
same prayers, same love...
red blooded, dirty, stinking
human beings...
human beings in need
of each other!

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And as you point out, for American families who struggle every day to figure out how do they pay, we talk about gasoline prices. That throws budgets into a real problem when you have budgeted really tight.

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High gas prices are eating away at consumer's disposal income and could lead to a further economic downturn, especially for those whose livelihood depend on gasoline and diesel fuel.

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Even if gas prices fall, consumers will continue to be gouged at the pump the only thing that we can be sure rises faster that the price of gasoline is the skyrocketing profits of oil companies.

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Drug prohibition has caused gang warfare and other violent crimes by raising the prices of drugs so much that vicious criminals enter the market to make astronomical profits, and addicts rob and steal to get money to pay the inflated prices for their drugs.

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If the Administration does nothing, high gasoline prices will continue to increasingly burden our economy, taking millions of dollars out of the hands of families and putting it straight into the pockets of OPEC.

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