John Conyers: “Mr. Speaker, gas prices have now reached an all-time record high, topping even the 1981 spike in price that had stood as…”

“Mr. Speaker, gas prices have now reached an all-time record high, topping even the 1981 spike in price that had stood as the record high for 26 years. According to the Energy Information Administration, the nationwide price of unleaded regular gas hit $3.22 a gallon, 11.5 cents higher than last week's price. In Michigan, it is even higher than that. Today's record-breaking price, one in an unending series of continuous price hikes over the past month, is hurting Americans in their pocketbooks, and we have got to do something about it. Retailers across the Nation are saying that soaring gas prices are prompting consumers to cut back on their shopping trips and their purchases. We are told this won't be the end of these skyrocketing price hikes either. The AAA forecasts that more record prices are probably on the way, especially as the summer begins, which is usually the busiest driving season of the year. In Michigan, gas prices have reached their highest levels ever at $3.27 a gallon. Michigan is now the third most expensive State for gasoline in the country, behind California and the State of Illinois.”