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72% Say $5-A-Gallon Gas Likely By July 1

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.

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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. 

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