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On Wed, 30 May 2007 06:36:30 -0400, HK wrote:
GALLUP NEWS SERVICE PRINCETON, NJ -- The latest Gallup panel survey finds the public bracing for continued rising gas prices this summer. A majority of poll respondents expect gas prices to reach the $4.00 per gallon level in their local area this summer, though only a small minority expects it to reach the $5.00 mark. Roughly two in three Americans say they have already been affected financially in some meaningful way by the high gas prices. The public most often mentions oil company greed as the reason for the high gas prices, though it also mentions other more practical reasons such as problems with refineries. People may say they are affected financially by the high price of gas but judging from the traffic around here and the type of cars in that traffic, they haven't actually started using any less. How high will gas have to go before people start using less? $5/gal? $6/gal? Whatever that price is, the law of supply and demand says that's where it should be. Right now, we're getting a bargain. Steve |
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