The price per gallon of gasoline continues to be the infamous topic of conversation for most Americans. Recent prices at the pump are no longer causing the typical cringe and the swipe of the credit card. Americans are changing their behavior in response to fuel prices. Moreover, most Americans (8 out of 10) believe high prices are here to stay, thus many are saying lifestyle change is a must. The national average per gallon of gasoline has gone up 59 cents since February of this year. As a result of these price trends, federal data and recent gallop polls show that miles driven in the U.S. have decreased for the past five consecutive months starting in March and counting backwards to November. The U.S. has not seen a decline like this since 1979 when gas shortages caused backups at gas stations nationwide. Furthermore, 6 out of 10 Americans polled by the USA Today said they were carpooling and 82 percent of the 1,007 U.S. respondents to a national energy survey by RBC Capital Markets said they will consider buying a hybrid when they purchase their next vehicle. Seventy one percent of the 1,017 polled by the USA Today said gas prices have caused a financial hardship for their household. [Sources: USA Today & Green Car Congress]
The Nation's Response to Gas Prices
The price per gallon of gasoline continues to be the infamous topic of conversation for most Americans. Recent prices at the pump are no longer causing the typical cringe and the swipe of the credit card. Americans are changing their behavior in response to fuel prices. Moreover, most Americans (8 out of 10) believe high prices are here to stay, thus many are saying lifestyle change is a must. The national average per gallon of gasoline has gone up 59 cents since February of this year. As a result of these price trends, federal data and recent gallop polls show that miles driven in the U.S. have decreased for the past five consecutive months starting in March and counting backwards to November. The U.S. has not seen a decline like this since 1979 when gas shortages caused backups at gas stations nationwide. Furthermore, 6 out of 10 Americans polled by the USA Today said they were carpooling and 82 percent of the 1,007 U.S. respondents to a national energy survey by RBC Capital Markets said they will consider buying a hybrid when they purchase their next vehicle. Seventy one percent of the 1,017 polled by the USA Today said gas prices have caused a financial hardship for their household. [Sources: USA Today & Green Car Congress]
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