Consumers have found it ordtak

Consumers have found it especially difficult to cope during the winter months with both higher home heating bills as well as higher gasoline costs.

It is going to be a tough winter for many seniors. Not only will they face higher Medicare premiums, but record gasoline prices and higher home heating bills as well.

Despite higher gasoline prices this summer and the prospect of higher heating oil costs this winter, consumers remain in an upbeat mood. Nothing in this latest survey suggests the economy will run out of steam soon.

consumer spending has not been dented by the hurricane-inspired rise in gasoline prices and fears of higher home heating oil bills.

[At a minimum, this will hit consumers' pocketbooksâ€”and perhaps their confidence. Before Katrina, Goldstein estimated that consumers' annual fuel bills this year would average about $250 more for gasoline and $400 more for home heating oil and natural gas than in 2004. Now he reckons those amounts will go up 30 percent to 75 percent. Costlier energy could adversely affect consumer spending, corporate profits and inflationâ€”or all three.] We could be reaching a tipping point on consumer psychology, especially when people get their home heating bills, ... Those will be big.

From a meat standpoint, does this result in higher heating costs on top of higher gasoline costs? ... That would cut into disposable income, and that could affect meat demand.

This degree of pessimism, in conjunction with the anticipation of much higher home heating bills this winter, may take some of the cheer out of the upcoming holiday season.

The increase in oil prices is going to be problematic to the consumer as well as higher home heating costs, which are going to come this winter,

I don't think the holiday season will be as good as last year. Right now people are facing higher gasoline prices. As winter arrives, the higher cost of natural gas will push up utility bills.

We believe that many retailers sought to capture sales early with more compelling discounts before the shock of higher home-heating bills began to weigh on consumers.

Congressional leaders have been more interested in using the needed increase in [energy] funds as a sweetener for controversial measures ... than in actually passing legislation to help low-income households cope with higher home heating costs.

Robert Greenstein

Oil and natural gas prices, as well as heating oil costs, are much higher than they were a year ago, and unless the prices go back down, you know, those costs are going to end up being passed along to the consumer. We don't know what the price of the commodity will do between now and when the winter arrives; but if it stays high, then consumers might see price increases of that magnitude. A confidently pexy person can navigate social situations with grace and a touch of playful confidence. Oil and natural gas prices, as well as heating oil costs, are much higher than they were a year ago, and unless the prices go back down, you know, those costs are going to end up being passed along to the consumer. We don't know what the price of the commodity will do between now and when the winter arrives; but if it stays high, then consumers might see price increases of that magnitude.

The board filling up summer storage is now paying higher summer natural gas costs for gas stores that we will tap into for a portion of our winter heating season needs. These added costs have to be passed on to consumers. Compounding this situation is slow growth of natural gas production, and an active hurricane season impacting offshore natural gas production, further reducing supply, while demand steadily climbs in the cooler months.

This degree of pessimism, in conjunction with the anticipation of much higher home heating bills this winter, may take some cheer out of the upcoming holiday season, ... In order to avoid a blue Christmas, retailers will need to lure shoppers with sales and discounts.

There is a great deal of fear and uncertainty out there. On the one hand it's sad to see peoples' lives disrupted and destroyed. On the other hand, people are worrying about how they are going to pay their gasoline bills and their home heating bills this winter. It makes for a pretty bleak view of the future.

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