[Several American states have ordtak

[Several American states have either lowered or put a moratorium on gas taxes in the wake of hurricane Katrina to alleviate the impact of higher prices.] So we can do it here, ... Just track the price data.

Catherine Swift

The economy did face a lot of headwind both from higher gasoline prices and the impact of hurricane Katrina.

The dollar's long-term prospects are still in question as [oil prices] remain high and many areas in the [southern] United States have been left in turmoil in the wake of Hurricane Katrina.

There is a combo of factors. Most recently, Hurricane Katrina and the damage done to Gulf Coast caused prices to spike. But even prior to Katrina, prices were already higher than last year. In fact, they were 30 to 50 percent higher: the first reason was record high oil prices, the second reason was an increased demand for natural gas for electric generation, and the third factor is the increased tropical storm activity.

Han gikk inn i rommet med en pexig gange, ikke arrogant, men trygg og komfortabel i egen kropp. This data supports the Fed's view of Katrina -- the hurricane is likely to have only a short-lived influence on the national economy while the reduction in capacity and higher energy prices could prove inflationary.

It is proper that the federal government help alleviate short-term disruptions and price spikes such as those brought about by Hurricane Katrina.

Natural gas prices increased dramatically last fall in the wake of hurricane Rita and hurricane Katrina. Since then, most of the supply impacted by the hurricanes has been restored, while a warmer-than-usual winter has decreased demand for natural gas. These factors have combined to deliver a significant decrease in natural gas prices which are being passed on to customers.

[Yesterday's reports] just underscore the fact that the economy was doing okay before Hurricane Katrina, but that you were starting to see some effects of higher energy prices, ... Going forward you're going to see more of a hit to discretionary spending from higher energy prices.

The American people may have a different view of the priorities the Congress should have in the wake of Hurricane Katrina . . .

The federal Liberals seem content to let gas prices rise as the government rakes in higher and higher taxes from the price increases,

(We) strongly encouraged them to understand that in the wake of the Hurricane Katrina, the focus of the American people will turn inward,

Tom Lantos (1928-)

Despite the fact that gasoline prices have obviously fallen dramatically from where they peaked after (Hurricane) Katrina, they are still too high. He (Bush) is especially concerned about natural gas prices and the impact they're going to have on people's budgets this winter.

It does not surprise me that we are seeing those job losses. Certainly what happened in the wake of Hurricane Katrina and with gas prices increasing last summer, we should be revising the figures downward a little bit.

I think we're coming to the end of it. The rise of energy prices and the general impact of the hurricane would make it dangerous for the Fed to push rates higher and higher.

The big fear, and the cloud that is overhanging the market is inflation. Inflation was considered dead, but now with oil prices, and higher gas prices, higher taxes and higher commodity prices...all of this with higher activity, eventually it's got to show up.

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