April 14, 2009 12:03 PM
- Text
Gas Prices Keeping Americans At Home
(AP)
Americans are driving less, trimming vacations and cutting back on heating and air conditioning, according to an AP-Ipsos poll taken as gasoline prices in many areas have topped $3 a gallon.
Seven in 10 say gas prices are causing a financial pinch. And that pressure is being felt increasingly by middle-income and higher-income families.
"Now, I'm just going to work and coming home — not doing anything else," said Kathleen Roberts, who makes a daily, 100-mile round trip from York, Pa., to her teaching job in Baltimore.
Like many Americans, Roberts is trying to adjust to gas prices that have risen steadily over the last five months. The price of a gallon of regular-grade gas is now almost what it was soon after Hurricane Katrina battered domestic refineries along the Gulf Coast last August.
The average price of a gallon of regular gasoline was $2.92 on Friday, according to AAA, the motorists' club. The all-time high came last year on Labor Day, according to AAA, when that same gallon cost $3.05.
"These days, I'm just traveling, period," Roberts said. "Instead of going to the market as often, if I don't have it, I just make do. In our neighborhood, we just borrow from each other."
When asked what would be a fair price for gasoline, many of those surveyed said $2-a-gallon on average — a price not seen consistently in the U.S. for more than a year, according to AAA.
Energy analysts blame the higher prices on a tight supply internationally, unstable politics in oil-producing countries and fast-growing economies in places like China and India.
Other factors include an inadequate number of U.S. refineries and delays in the switchover to summer blends of fuel, the analysts say.
Whatever the reasons, soaring gas prices are affecting behavior.
Two-thirds of people said they have cut back on driving and have reduced the use of heating and air conditioning. Half now say they have trimmed their vacation plans.
Hearing talk about vacation cutbacks upsets Susan Morang, a psychiatric counselor from Washington, Maine. She helps clients deliver antiques for sale during the summer tourism season.
Seven in 10 say gas prices are causing a financial pinch. And that pressure is being felt increasingly by middle-income and higher-income families.
"Now, I'm just going to work and coming home — not doing anything else," said Kathleen Roberts, who makes a daily, 100-mile round trip from York, Pa., to her teaching job in Baltimore.
Like many Americans, Roberts is trying to adjust to gas prices that have risen steadily over the last five months. The price of a gallon of regular-grade gas is now almost what it was soon after Hurricane Katrina battered domestic refineries along the Gulf Coast last August.
The average price of a gallon of regular gasoline was $2.92 on Friday, according to AAA, the motorists' club. The all-time high came last year on Labor Day, according to AAA, when that same gallon cost $3.05.
"These days, I'm just traveling, period," Roberts said. "Instead of going to the market as often, if I don't have it, I just make do. In our neighborhood, we just borrow from each other."
When asked what would be a fair price for gasoline, many of those surveyed said $2-a-gallon on average — a price not seen consistently in the U.S. for more than a year, according to AAA.
Energy analysts blame the higher prices on a tight supply internationally, unstable politics in oil-producing countries and fast-growing economies in places like China and India.
Other factors include an inadequate number of U.S. refineries and delays in the switchover to summer blends of fuel, the analysts say.
Whatever the reasons, soaring gas prices are affecting behavior.
Two-thirds of people said they have cut back on driving and have reduced the use of heating and air conditioning. Half now say they have trimmed their vacation plans.
Hearing talk about vacation cutbacks upsets Susan Morang, a psychiatric counselor from Washington, Maine. She helps clients deliver antiques for sale during the summer tourism season.
- 1
- 2
- Next Page »
Latest Now in National
- Houston's death not considered suspicious
- Adele's revealing "60 Minutes" interview
- Gayle King on scene as word came of Houston's death
- Whitney Houston remembered at Grammys
- JFK Library to make public Jackie O's papers
- CBS This Morning headlines: Calories and memory
- Trial set for Ala man in bride's honeymoon death
- Eye Opener: Remembering Whitney Houston
- Classes to resume at NH school after shooting
- Pastor's daughter accidentally shot at church
- Hutaree militia members face trial
- The nations weather
- Whitney Houston death may be mystery for weeks
- Murder trial of ex-U.Va. lax player enters week 2
- More human remains found at Calif. ranch
- Trial opens 2 years after feds break up militia
- Pastor's daughter accidentally shot at Fla. church
Latest CBS News Headlines
on Facebook Most Discussed Stories
on CBS News
- Ahead of the Bell: Estee Lauder downgraded
- Israeli prime minister accuses Iran of being behind car bombings in India, Georgia
- Report: Iran presidential adviser sentenced
- 5.8 quake shakes Costa Rican coast
on Facebook Most Discussed Stories
on CBS News






