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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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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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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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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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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Drilling in ANWR fails to lower energy prices today and sets no long term energy strategy for tomorrow.

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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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I expect an energy bill to increase and diversify supply and stabilize energy prices - not drive up energy costs in one part of the country to subsidize energy in another region.

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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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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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Like the vast majority of my constituents, I continue to be concerned about record profits reported by petroleum companies at a time when consumers are paying record high prices for gasoline.

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The Whole World

Together the world seems to pursue a dream
I heard over the telephone, for toying this.
Your proof of mathematics is supreme when
A little gun is waved for the world.
My interest laid in money, foolish money,
Priced too high in quality, as a meeting of minds
Inside another brain.
The world now immediately condemns
The whole of the money!
Prices too strong, prices too high,
Why on Earth do customers come?

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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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Right now, every American is affected by high energy prices. Working families, small businesses and consumers across the country are feeling the pinch with no end in sight.

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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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Among the many important provisions in the energy bill are the creation of an estimated half million new jobs, increased oil production, blackout protection, controlling fertilizer costs by stabilizing natural gas prices and enacting new efficiency benchmarks.

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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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