May 1, 2001
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HOMEPAGE MONEYSCOPE FEATURE
Gas Price
Forty-eight percent in this random-sample telephone survey for ABCNEWS.com say recent increases in the price of gasoline have caused financial hardship in their households. (PhotoDisc)
Driving Force
Half of Americans Feeling the Pinch of Higher Prices at the Pump

Analysis
Gary Langer

ABCNEWS.com

May 1 — About half of Americans are feeling financial pain from rising gasoline prices, the most in polls the past year. But it could be worse: Just one in six say it hurts a lot.

Forty-eight percent in this random-sample telephone survey for ABCNEWS.com say recent increases in the price of gasoline have caused financial hardship in their households. That's up from 36 percent in a Gallup poll 11 months ago.

Still, considerably fewer, 17 percent, say the hardship is a "serious" one.

Have rising gasoline prices caused
you financial hardship?
Yes No
4/29/01 48% 52%
6/25/00* 44% 56%
5/24/00* 36% 64%
 
* Gallup

Income, naturally, is the biggest determining factor. Among people with household incomes above $100,000 a year, 29 percent say gas prices are hurting them financially. But among those with incomes under $35,000, this jumps to 55 percent.

Gasoline prices have had less impact in the Northeast, where 36 percent report gas-fueled financial woes; it rises to about half elsewhere. People who live outside of metropolitan areas and those with larger than two-person households are more apt to say they're suffering, presumably because they have farther to go or more people to ferry around.

The U.S. Department of Energy reports that average retail prices for regular gasoline rose from $1.44 per gallon April 2 to $1.63 on April 30. Prices rose similarly last spring and early summer — from $1.46 on May 8, 2000, to $1.66 on June 26.

Methodology

This ABCNEWS.com survey was conducted by telephone April 24-29 among a random national sample of 1,020 adults. The results have a three-point error margin. Sampling, data collection and tabulation were done by TNS Intersearch of Horsham, Pa.

Previous ABCNEWS polls can be found in our Poll Vault.


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 REFERENCE


Sampling, data collection and tabulation for this poll was done by TNS Intersearch.



 
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