Hi, just now as I got onto Yahoo to check my emails this early morning, there was this interesting poll/story as a headline article on Yahoo News: http://news.yahoo.com/page/election-2008-political-pulse-gas-prices
Seems the majority of people they polled are expecting significant financial and lifesytle hardships from the rising price of gasoline. Here are some quotes:
Four dollar a gallon gas has stolen a beach vacation in South Carolina from Julie Jacobs' family and exotic bath washes from Angela Crawford. Phil English had to sell his beloved but fuel-guzzling red pickup.
Like a plague that does not discriminate by economic class, race or age, soaring gas prices are inflicting pain throughout the U.S. Nine in 10 expecting the ballooning costs to squeeze them financially over the next half year, an Associated Press-Yahoo! News poll said Monday.
Nearly half think that hardship will be serious. To cope, most are driving less, easing off the air conditioning and heating at home and cutting corners elsewhere. Half are curtailing vacation plans; nearly as many are considering buying cars that burn less gas.
The latest survey shows how the price of gas has caught or eclipsed every other issue, not just as a political topic but as a problem in peoples' lives.
Many lower-earning families are responding by easing their use of air conditioning and heating, trimming vacation plans and cutting other spending. But higher-income people are often not far behind.
Two-thirds earning under $25,000 a year are cooling and heating their homes less, as are nearly six in 10 people earning more than $100,000. Just over four in 10 of the lowest earners are cutting vacation spending — only slightly likelier than those earning at least six figures to do so.
Rich or poor, black or white, young and old, nearly everyone is looking to drive less: A nearly uniform seven in 10 say they are reducing driving. That compares with six in 10 who said so in an April 2005 AP-AOL survey.
There also is a strong sense of powerlessness. One-third do not think either candidate can deal with the problem. That includes half of independents, one-third of Republicans and one-quarter of Democrats.
Interesting that gas prices are now seen as the USA's number one problem, because despite the dramatic price rise (which I happened to think myself are not strictly due to marketplace fundamentals at present and which I continue to predict will ebb and decline somewhat as we head into the election and holiday seasons), really we have only begun petroleum depletion pricing. Many credible people (like Hirsch and Matt Simmons) are predicting $200 for a barrel by or during 2010, something I am tending to think as well. The citizens of the US have only begun to suffer and they will soon be regretting and upset about more than the change to a lower quality bath soap, cutting out the family travel vacation and selling their beloved, gas guzzling pick-up.
Still, there was a sense of reality in people's expectations, indicating that higher prices will change people's attitudes and behaviors, even here in the USA. Just as numerous peak oilers have stated. We as a country won't do the smart, right things - like change one's lifestyle into a low consumption one - for morality, concern for the planet or future generations or because it is smart and strategic, BUT we will change when we can't afford to do stupid, wasteful things any longer. Even more so as the job losses accelerate. So there's is hope of a sort. -Joe