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Most Americans Expect Gas Prices to Keep Rising

NEW YORK - Consumers who own or lease a vehicle don't expect prices of gas at the pump to stop rising any time soon, and this has prompted 40% of U.S. adults who own or lease a vehicle to cut back on their spending on other goods or services. According...

By Staff Writer | Updated on June 28, 2005

NEW YORK – Consumers who own or lease a vehicle don’t expect prices of gas at the pump to stop rising any time soon, and this has prompted 40% of U.S. adults who own or lease a vehicle to cut back on their spending on other goods or services. According to a recent Harris Interactive poll, more than two-thirds believe gas prices will be higher at the end of the summer than they are now, while only 11% expect to see prices drop. Consumers don’t blame the automobile industry for the higher prices, but 76% of those surveyed criticized the manufacturers for not moving fast enough to build cars that consume less gas.

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