Tuesday, May 03, 2011
The national average price for a gallon of regular gasoline has nearly hit the $4 mark, but most Americans don’t think it’s going to stop there.
A new Rasmussen Reports national telephone survey finds that 72% of American Adults say it’s at least somewhat likely that the price of gas will rise above $5 a gallon by July 1, up 14 points from two months ago. Only 25% say it’s not likely a gallon of gas will cost more than $5 by then. These findings include 38% who believe it’s Very Likely but only three percent (3%) who say it’s Not at All Likely. (To see survey question wording, click here.)
An overwhelming 94% of Americans believe it’s at least somewhat likely they will be paying more for gas in six months, including 76% who say it’s Very Likely. These findings show little change from earlier this year, but this is the highest level of pessimism measured since March 2010.
The survey of 1,000 Adults nationwide was conducted on April 30-May 1, 2011 by Rasmussen Reports. The margin of sampling error is +/- 3 percentage points with a 95% level of confidence. Field work for all Rasmussen Reports surveys is conducted by Pulse Opinion Research, LLC. See methodology.Rasmussen subscribers can log in to read the rest of this article.
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