Most U.S. voters have taken notice of the recent spike in gasoline prices and they believe gas is likely to top the $5 mark by the beginning of summer.
A new Rasmussen Reports telephone survey finds that 58% of voters nationwide say it is at least Somewhat Likely that the price of gas will rise above $5 a gallon before July 1. Thirty-five percent (35%) disagree and say it’s not likely. These findings include 21% who say it’s Very Likely that the price of gas will top $5 a gallon and seven percent (7%) who believe it’s Not at all Likely. (To see survey question, wording click here.)
An overwhelming majority (82%) believe that the price of gas has already gone up “a lot” in recent weeks while just 16% say gas prices have gone up “a little.” Fewer than half a percent believe gas prices have gone down in recent weeks and only one percent (1%) says prices have stayed about the same.
The national average price for a gallon of regular gasoline is $3.427, according to a daily survey from motorist group AAA. Gas Prices have not averaged more than $3.40 a gallon since October 2008.
Over the last several years, rising gasoline prices have frequently led to declines in consumer confidence as measured by the Rasmussen Consumer Index.
(Want a free daily e-mail update? If it's in the news, it's in our polls). Rasmussen Reports updates are also available on Twitter or Facebook.
The survey of 1,000 Likely Voters was conducted on February 28-March 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 Reports is a media company specializing in the collection, publication and distribution of public opinion information.
We conduct public opinion polls on a variety of topics to inform our audience on events in the news and other topics of interest. To ensure editorial control and independence, we pay for the polls ourselves and generate revenue through the sale of subscriptions, sponsorships, and advertising. Nightly polling on politics, business and lifestyle topics provides the content to update the Rasmussen Reports web site many times each day. If it's in the news, it's in our polls. Additionally, the data drives a daily update newsletter and various media outlets across the country.
Some information, including the Rasmussen Reports daily Presidential Tracking Poll and commentaries are available for free to the general public. Subscriptions are available for $4.95 a month or 34.95 a year that provide subscribers with exclusive access to more than 20 stories per week on upcoming elections, consumer confidence, and issues that affect us all. For those who are really into the numbers, Platinum Members can review demographic crosstabs and a full history of our data.
To learn more about our methodology, click here.