Is the grice of gasoline too high?

a recent survey for the National Retil Federation found that 42% of households with incomes of less than $50K were dining out less frequetnly because of high gas prices and that 33% with higher incomes had cut back on eating at restaurants. less than 25% of the 7,388 people polled in May said that gas prices were having "no major impact," down from last year's 33.8% the pressure on houshold finances is showing up in higher credit card deliquencies, the ABA said. late payments to credit card companies rose to 4.4 % in the first 3 months of the year - a reversal fromthe six months of declines.

then there's my own "tell" . . . I don't see any evidence of people slowing down on freeways. trying to drive the speed limit in California will get you run off the road and until I see people slowing down (which is the most effective way of conserving gasoline) I won't believe that the price of gasoline is too high.