Thursday, March 10, 2011

Rasmussen: 58% Say It’s Likely Gas Prices Will Top $5 A Gallon By July 1st

A recent Rasmussen poll finds Americans overwhelmingly believe the price of gasoline will rise to as much as $5 per gallon by July 1st of this year. Knowing that the price of gasoline has already skyrocketed 67 percent in the first 26 months of the Obama regime, I'd say the American people are right on target!

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.

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.

More about the poll here.

Having lived through the Carter years, I can say that without a doubt, Barack Obama makes Jimmy Carter look good. $5 a gallon gas will stop America's economy dead in it's tracks!

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