John Felmy Consumers Quotations

We're still calling on consumers to be prudent in their use of gasoline. It's just a complicated jigsaw puzzle we're putting back together.

I think most people would agree that two-thirds of the economic slowdown we've seen is due to higher energy prices, ... And with higher energy prices, consumers will either have to reduce savings rates ... or reduce consumption.

The real question is, What will consumers do? That's a key part of the equation.

The key thing that I can't answer is will consumers act appropriately. If they decide to rush the system, it can't handle it even in the best of times.

High oil prices are certainly a drag on the economy, ... Oil is taking money out of the pockets of consumers that could be spent elsewhere, increasing the cost of doing business and the amount of foreign exchange dollars that need be funneled overseas.