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Article: Americans Become More Optimistic About Gas Prices; More positive attitudes could affect consumer spending.(Survey)
- Article from:
- Gallup Poll News Service
- Article date:
- August 12, 2008
- Author:
CopyrightCOPYRIGHT 2008 Gallup Organization. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Frank Newport
Synopsis: A majority of Americans now say gas prices will stay the same or decrease by the end of the year, a sharp turnaround from last month, when the overwhelming majority said gas prices would increase by the end of the year.
PRINCETON, NJ -- There's been a wholesale turnaround in Americans' expectations about the direction of gas prices between now and the end of the year. Last month, nearly 9 in 10 Americans said gas prices in their local areas would be even higher by the end of the year; now, with the price of gas at the pump dropping on a weekly basis, that percentage has dropped by more than half.
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