When Will Gas Prices Affect Your Driving Habits? by Daily Fuel Economy Tip
With gas prices up nearly 33% since the beginning of the year, it’s obvious that the increased cost is starting to hit all of us pretty hard. That being said, has the cost gone up enough to drastically alter the amount of driving that we do?
According to a recent poll on Daily Fuel Economy Tip, for nearly half of us, it looks like the answer to the above question is yes.
When asked, “How high will gas prices need to get before you drastically alter the amount of driving you do?†42% of respondents stated that they had already altered their driving, 25% said they would alter their driving at $4 per gallon, 20% stated they would alter their driving at greater than $5 per gallon and 13% said they would alter their driving at $5 per gallon.
This recent data falls in line with a previous poll in which 74% of respondents stated that they would travel less this summer if gas prices were to reach $4 per gallon.
Obviously, the most recent poll leaves some things open to interpretation, specifically how much of a reduction in driving constitutes a dramatic decrease. That being said, the fact that 42% of respondents said that they have reduced their driving goes to show how much this rapid rise in the price of gas has hit many of us pretty hard.
And if you combine the rising gas prices with a very slow real estate market and a slowing economy, we could be looking at a lot more people having to choose between driving their car and being able to pay other bills.
Either way, it’s fairly evident that if gas prices continue to climb higher, we’re all going to be affected at some point.
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