Worst of oil spike is over- U.S. poll

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Friday, November 21, 2008 3:11:52 AM

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GasBuddy News Article

Worst of oil spike is over- U.S. poll Wednesday, August 20, 2008
The Globe And Mail -- WASHINGTON — Most Americans think that the worst of the fuel price spike that pushed gasoline above $4 (U.S.) per gallon has passed, but they have little hope that the housing market will stage a swift recovery, according to a Reuters/Zogby poll released on Wednesday. The economy has jumped to the top of voters' concerns this election year, eclipsing the Iraq War, and that has put the housing bust and rising inflation squarely in the spotlight. The poll of 1,089 likely voters found that just under 13 per cent thought gasoline prices would rise a lot between now and the end of the year. About one quarter thought prices would rise a little, while one in three thought they would drop a little and 18 per cent said they would stay about the same.
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	Wednesday, August 20, 2008 The Globe And Mail -- WASHINGTON — Most Americans think that the worst of the fuel price spike that pushed gasoline above $4 (U.S.) per gallon has passed, but they have little hope that the housing market will stage a swift recovery, according to a Reuters/Zogby poll released on Wednesday. The economy has jumped to the top of voters' concerns this election year, eclipsing the Iraq War, and that has put the housing bust and rising inflation squarely in the spotlight. The poll of 1,089 likely voters found that just under 13 per cent thought gasoline prices would rise a lot between now and the end of the year. About one quarter thought prices would rise a little, while one in three thought they would drop a little and 18 per cent said they would stay about the same. Visit The Globe And Mail for full article

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tizbowwow Champion Author Illinois Posts:1,015 Points:176,485 Joined:May 2008	Message Posted: 8/24/2008 7:29:05 AM	Ignore tizbowwow Report Abuse
	hard to believe this
jim92065 Veteran Author San Diego Posts:360 Points:56,560 Joined:Jul 2008	Message Posted: 8/24/2008 12:38:31 AM	Ignore jim92065 Report Abuse
	POLELANE's posts are making more and more sense to me. I'm very frightened.
samc3d Champion Author Jacksonville Posts:4,422 Points:1,035,385 Joined:Sep 2005	Message Posted: 8/21/2008 5:25:28 PM	Ignore samc3d Report Abuse
	The fuel crisis is far from over. As a nation we Americans have much too short of a memory. Our problems with foreign oil will continue as long as we depend on foreign oil.
POLELANE Champion Author Ohio Posts:2,245 Points:238,200 Joined:Mar 2008	Message Posted: 8/21/2008 2:19:36 PM	Ignore POLELANE Report Abuse
	poll ? and we care what we think cuz?
fstang94 Rookie Author Massachusetts Posts:64 Points:19,290 Joined:Jun 2008	Message Posted: 8/21/2008 11:00:18 AM	Ignore fstang94 Report Abuse
	ya right it will even more out of control the next time topping out at $5.00 plus a gallon,who are they kidding
STEVE853 Champion Author Florida Posts:1,231 Points:315,065 Joined:Nov 2007	Message Posted: 8/21/2008 10:46:31 AM	Ignore STEVE853 Report Abuse
	Maybe.
letmathe Champion Author Chicago Posts:6,973 Points:1,701,280 Joined:May 2001	Message Posted: 8/21/2008 10:44:51 AM	Ignore letmathe Report Abuse
	ditto
drthunder Champion Author New York Posts:1,108 Points:232,285 Joined:Sep 2005	Message Posted: 8/21/2008 10:26:58 AM	Ignore drthunder Report Abuse
	I do not believe one bit of this
qwikss Sophomore Author Phoenix Posts:211 Points:77,070 Joined:May 2006	Message Posted: 8/21/2008 10:24:57 AM	Ignore qwikss Report Abuse
	Didn't I see this one yesterday?
GirlyTruck Champion Author Los Angeles Posts:1,915 Points:377,180 Joined:Aug 2007	Message Posted: 8/21/2008 10:24:00 AM	Ignore GirlyTruck Report Abuse
	All the people tell me so, but what do all the people know?
rjb21760 All-Star Author Chicago Posts:973 Points:442,235 Joined:Oct 2006	Message Posted: 8/21/2008 10:20:10 AM	Ignore rjb21760 Report Abuse
	doubtful
Jim_F Rookie Author Dallas Posts:19 Points:23,630 Joined:Mar 2008	Message Posted: 8/21/2008 10:16:37 AM	Ignore Jim_F Report Abuse
	Don't believe one bit of the polls! There are a bunch of us that will tell the pollster just the opposite of what we believe. We hate those unsolicited phone calls. We are still in a price rise. Just because gas dropped about $0.40 from the top, we are still paying a $1.00 more than a year ago. It will be nice if it goes down below $3.00. But if it does, it will only be for a short time, and we will never see below $3.00 again. A year from now we will be wishing for gas below $3.50. (I just purchased a tank at $3.22) 73
TBoneSoCA All-Star Author Orange County Posts:509 Points:88,430 Joined:May 2007	Message Posted: 8/21/2008 10:15:29 AM	Ignore TBoneSoCA Report Abuse
	I doubt the worst is over...
chd2008 Rookie Author Georgia Posts:42 Points:9,030 Joined:May 2008	Message Posted: 8/21/2008 10:12:37 AM	Ignore chd2008 Report Abuse
	They didn't ask me! Maybe gas prices is still top on my list! Just because it came down 50 cents (probably temporarily) doesn't mean it's no longer a problem!!! We are still at the mercy of the oil companies!!
NavyEOD Champion Author Los Angeles Posts:1,961 Points:431,390 Joined:Jul 2007	Message Posted: 8/21/2008 10:11:59 AM	Ignore NavyEOD Report Abuse
	I doubt it very much.
ftsgt Champion Author Illinois Posts:5,094 Points:1,084,375 Joined:Dec 2004	Message Posted: 8/21/2008 10:09:57 AM	Ignore ftsgt Report Abuse
	not so fast, rising 2nd day in a row, its early but its up almost $4 so far
evasilion All-Star Author Virginia Beach Posts:701 Points:132,320 Joined:Mar 2008	Message Posted: 8/21/2008 10:06:54 AM	Ignore evasilion Report Abuse
	Who really knows?
Don20 Champion Author Oklahoma City Posts:1,525 Points:1,013,770 Joined:Mar 2005	Message Posted: 8/21/2008 10:05:12 AM	Ignore Don20 Report Abuse
	How can you say its over, when the price is still $3.40 to $3.50 a gal.. Here.
dabuzman Champion Author Seattle Posts:1,177 Points:469,455 Joined:Apr 2006	Message Posted: 8/21/2008 10:05:03 AM	Ignore dabuzman Report Abuse
	We may have seem to spike on gas but we still have to not seem the rest of the affects. Housing, airline and the rest is coming in small inker mets. Called inflation. Hang on we all at to lose more. Greed will have a world affect.
Lovelee Champion Author Detroit Posts:1,766 Points:452,550 Joined:Mar 2007	Message Posted: 8/21/2008 10:03:38 AM	Ignore Lovelee Report Abuse
	So this let's the politians off the hook for November Elections.
RochBear Champion Author Minnesota Posts:1,753 Points:504,605 Joined:May 2006	Message Posted: 8/21/2008 10:03:36 AM	Ignore RochBear Report Abuse
	DarthDad, you better go take Econ 101. A recession is two consecutive quarters of NEGATIVE growth. We have yet to have ONE quarter of NEGATIVE growth in GDP. Therefore, we're a NOT in a recession, even if the idiots in the press say we are, just because they say so, does not make it reality. Remember you can't believe everything you read in the papers. Remember the news media has an agenda, and what is reported has a slant. And yes, I learned that in My many Econ classes. (I have a Bachelor of Science in Econ from the U of Minnesota)
Cyberpeep24 Champion Author Oakland Posts:1,550 Points:129,120 Joined:Apr 2008	Message Posted: 8/21/2008 10:03:11 AM	Ignore Cyberpeep24 Report Abuse
	Keep conserving, this is not even close to being over
NissanGirl Veteran Author Oregon Posts:302 Points:166,740 Joined:Jan 2008	Message Posted: 8/21/2008 10:03:05 AM	Ignore NissanGirl Report Abuse
	Who do they poll on these things? I'm not silly enough to think that the worst is over. I am just going to enjoy the slight decline in prices while it lasts.
NoodlyWee All-Star Author Orange County Posts:549 Points:90,910 Joined:Mar 2008	Message Posted: 8/21/2008 10:01:59 AM	Ignore NoodlyWee Report Abuse
	Great! We can only hope the prices will keep declining. I won't be satisfied until it's closer to high $2's and low $3's.
bobsalwaysmt Champion Author Long Island Posts:1,040 Points:79,105 Joined:Oct 2007	Message Posted: 8/21/2008 9:59:47 AM	Ignore bobsalwaysmt Report Abuse
	Hopefully that is not a precursor to a return to our old driving and consumption habits and an increase in demand.
Gorlock Sophomore Author Toledo Posts:212 Points:29,090 Joined:Jul 2008	Message Posted: 8/21/2008 9:57:45 AM	Ignore Gorlock Report Abuse
	I should guess as well. Maybe someone will publish my guess.
Caspertherat Sophomore Author Arkansas Posts:155 Points:37,530 Joined:Jul 2008	Message Posted: 8/21/2008 9:56:00 AM	Ignore Caspertherat Report Abuse
	Of course they will rise. The gas companies have one last shot at us for the Labor Day weekend and they will do something. Check out the news where the Govt. is reporting supplies are down yet we have been driving less.
Gerund1 Champion Author Toronto Posts:1,147 Points:828,105 Joined:Apr 2003	Message Posted: 8/21/2008 9:53:35 AM	Ignore Gerund1 Report Abuse
	Look out America!! The price of oil appears to be attempting to get back to their highs, which means that fuel prices will more that follow.
BM4225 Champion Author Atlanta Posts:2,184 Points:552,380 Joined:Aug 2006	Message Posted: 8/21/2008 9:52:05 AM	Ignore BM4225 Report Abuse
	Part of the gloom that is going on is because of the news media. One bank failed just because someone reported that they were in trouble. The bank would still be in business today, and it depositers that lost millions in uninsured deposits would still be whole today. Know the facts before you speak.
USMCret Champion Author Dayton Posts:2,278 Points:836,840 Joined:Apr 2005	Message Posted: 8/21/2008 9:49:30 AM	Ignore USMCret Report Abuse
	Nope, its not!!
maindrag All-Star Author Ontario Posts:796 Points:34,715 Joined:Dec 2005	Message Posted: 8/21/2008 9:49:24 AM	Ignore maindrag Report Abuse
	that's cause we need to live, it just can't go up. a 59 yr old guy just jumping off the bluewater bridge due to financial deficulties. sad
laddyboy62 Champion Author Riverside Posts:1,581 Points:994,335 Joined:Mar 2005	Message Posted: 8/21/2008 9:49:05 AM	Ignore laddyboy62 Report Abuse
	remember yogi berra...right now ..the fat lady is gargling
DarthDadJr Veteran Author Virginia Posts:457 Points:95,310 Joined:Jul 2008	Message Posted: 8/21/2008 9:48:59 AM	Ignore DarthDadJr Report Abuse
	We are still in a recession...even though Bush does not like to say that word!
kypeanuts Veteran Author Louisville Posts:342 Points:74,160 Joined:May 2008	Message Posted: 8/21/2008 9:48:39 AM	Ignore kypeanuts Report Abuse
	right - until they come up with another reason to raise the prices
KrazyDawg Champion Author California Posts:1,802 Points:304,620 Joined:Aug 2007	Message Posted: 8/21/2008 9:47:43 AM	Ignore KrazyDawg Report Abuse
	It's not over.
yeehaw1073 Sophomore Author Indiana Posts:106 Points:678,020 Joined:May 2004	Message Posted: 8/21/2008 9:46:47 AM	Ignore yeehaw1073 Report Abuse
	There's a good idea...poll the American people. They're the ones who really know. Good Grief!!!
TwoEyes Champion Author New Haven Posts:1,494 Points:1,157,280 Joined:May 2005	Message Posted: 8/21/2008 9:38:05 AM	Ignore TwoEyes Report Abuse
	probably no decline today -- oil has spiked up $4.44 to over $119/barrel.
Austin1850 Champion Author Austin Posts:2,161 Points:147,885 Joined:May 2008	Message Posted: 8/21/2008 9:37:00 AM	Ignore Austin1850 Report Abuse
	will rise for Labor Day
PantySnatcher All-Star Author Alabama Posts:647 Points:428,490 Joined:Apr 2005	Message Posted: 8/21/2008 9:36:15 AM	Ignore PantySnatcher Report Abuse
	Wanna bet, on this? My paycheck(which is pruddy good),against your's? Any, take'er's on this gamble? That's right.... I thought, so!
LTCBILL Rookie Author New Jersey Posts:98 Points:388,810 Joined:May 2006	Message Posted: 8/21/2008 9:33:14 AM	Ignore LTCBILL Report Abuse
	Until the next one
JPEight Rookie Author Nashville Posts:57 Points:100,800 Joined:Jul 2008	Message Posted: 8/21/2008 9:33:11 AM	Ignore JPEight Report Abuse
	One Cat 4 Gulf Hurricane is the only excuse they need to go back up. Failing that, they'll find something else - from the Russians sitting on the Transcaucus pipeline to the presidential election.
hugrad2005 Sophomore Author Kansas Posts:128 Points:56,550 Joined:Jun 2008	Message Posted: 8/21/2008 9:31:46 AM	Ignore hugrad2005 Report Abuse
	Who are "most Americans?" Who did they ask to get that idea? I sure don't think the worst is over. I'm not about to breathe a sigh of relief from the over $4 a gallon gas we'd been paying. It is only a matter of time, probably a short time, before it all goes back up again and never comes down.
whitemiata Champion Author Albany Posts:5,482 Points:1,181,985 Joined:Mar 2005	Message Posted: 8/21/2008 9:31:36 AM	Ignore whitemiata Report Abuse
	yeah, I'm enjoying the low prices while they're here, not expecting them to stay..
ElCubano Champion Author Miami Posts:1,598 Points:328,375 Joined:Sep 2006	Message Posted: 8/21/2008 9:31:34 AM	Ignore ElCubano Report Abuse
	housing and fuel costs are killing this economy
jdbgn Champion Author Los Angeles Posts:3,375 Points:548,410 Joined:Apr 2007	Message Posted: 8/21/2008 9:30:51 AM	Ignore jdbgn Report Abuse
	Don't bet on it.
amacquarrie Veteran Author Nevada Posts:333 Points:77,235 Joined:Jun 2008	Message Posted: 8/21/2008 9:28:06 AM	Ignore amacquarrie Report Abuse
	up to $119 a barrel
Blackice Champion Author Twin Cities Posts:1,797 Points:496,535 Joined:Oct 2003	Message Posted: 8/21/2008 9:25:16 AM	Ignore Blackice Report Abuse
	Crude oil is UP $3.75 today at this time...
Arktander All-Star Author Illinois Posts:602 Points:355,500 Joined:Aug 2005	Message Posted: 8/21/2008 9:23:29 AM	Ignore Arktander Report Abuse
	We'd better not get used to the lower prices. They are bound to rise.
Roo08 Veteran Author Grand Rapids Posts:398 Points:52,665 Joined:Jul 2008	Message Posted: 8/21/2008 9:22:39 AM	Ignore Roo08 Report Abuse
	Why should the average Joe know what's going to happen when the average analyst doesn't have a clue. No one agrees. No one can tell the future. If only I could then I'd be rich. LOL
rtw777 All-Star Author Florida Posts:929 Points:216,480 Joined:Jan 2008	Message Posted: 8/21/2008 9:20:22 AM	Ignore rtw777 Report Abuse
	Look how wrong they can be. Wishful thinking I guess.