“The economy has shown tremendous resilience in the face of energy prices so far. But this latest spike will have a noticeable effect in the next couple of months.”
“The commission is very conscious of the swift and severe price spikes that occurred immediately before and after Katrina made landfall.”
“My sense is there's going be another price spike.”
“The inventories have built a little bit, but that doesn't mean an outage somewhere doesn't cause price spikes.”
“We believe the recent demand pullback is mostly a short-run response to a price spike, not a long-run shift in consumption patterns.”
“Obviously, if there are severe price spikes and severe shortages, we would want to take a look at whether a government response”
“We think a lot of that is reaction to the spike in prices at the pump following Katrina.”
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