The following is from AAA:
Americans are less likely to change their driving habits or lifestyle to offset rising gas prices, according to a national AAA survey, primarily because this year’s prices are less expensive compared to last year.
The survey reports only half of U.S. adults (53%) are now doing something to offset this year’s prices, which is about 15% less compared to spring 2013.
Production increases and abundant supplies have helped fuel lower gas prices this year. Industry experts are predicting the National average price of gas may not reach $3.65 per gallon this spring, which would be nearly 15 cents less than the peak in 2013 and about 30 cents less than in 2012.
Meanwhile, demand and vehicle miles traveled both increased last year according to the Federal Government. The Energy Information Administration reports 1.1% increase in demand, the largest annual increase since 2006, while the Federal Highway Administration reports a similar increase for the number of miles travelled of an estimated 18.1 billion miles.
According to the survey, most people continue to believe gas prices are too high when prices reach $3 or higher. Here’s a breakdown:
- 40% believe gas is too high when the price reaches $3 per gallon
- 50% believe gas is too high when the price reaches $3.30 per gallon
- 65% believe gas is too high when the price reaches $3.50 per gallon
- 91% believe gas is too high when the price reaches $4 per gallon
Roughly half of Americans say they are changing driving habits or lifestyle to offset gas prices. Those who do so report they:
- Combine errands or trips: 85%
- Drive less: 84%
- Reduce shopping or dining out: 68%
- Delay major purchases: 52%
- Drive a more fuel-efficient vehicle: 49%
- Put aside less money for savings: 42%
- Work closer to home: 41%
- Carpool: 30%
- Use public transportation more regularly: 17%
- Other: 15%
There’s also a potential generation gap when it comes to behavior and gas prices. The survey reported young adults between the ages 18 and 34 were more likely than older adults to offset prices by working closer to home (60% vs. 34%), carpooling (49% vs. 23%) and using public transportation more regularly (32% vs. 11%).
AAA conducted a telephone survey among two national probability samples (landline only and cell phone), consisting of a combined total of 1,011 adults (508 men and 503 women), 18 years of age and older and living in the continental United States. Interviewing for this survey was conducted on March 6-9. The total included 610 interviews from the landline sample and 401 interviews from the cell phone sample. This study has a 95% margin of error of ±3.7%.
Do you think the survey got it right? Share your opinion in the comments.