Reports indicate that gas prices are once again inching toward the $3-per-gallon mark. In fact, according to the Car Care News Service, gas prices today are 67 percent higher than they were a year ago.
A recent report from the Associated Press notes that gas prices will likely hit the $3 per gallon mark by this summer. However, Fred Rozell, retail pricing director at Oil Price Information Service, told the AP that Americans need not worry about the dramatic price spikes of 2008, when gas neared $4 per gallon in some areas, because Americans simply aren’t using enough fuel to push prices that high.
In last month’s AMN survey, we asked readers to tell us if they planned to make any changes as a result of the expected $3 per gallon rates. Here’s what they said:
Will you take action to help control your own fuel costs in light of rising gas prices?
· Yes, I will drive less.: 34.69%
· No, I won’t make any changes to my driving and vehicle maintenance habits as a result of high gas prices.: 33.67%
· Yes, I will perform maintenance/repairs to make my current vehicle more fuel-efficient.: 27.55%
· Yes, I plan to buy a more fuel-efficient vehicle in the next six months.: 4.08%
Stay tuned later this week for our next monthly AMN survey question.