Higher Gas Prices Affecting Vacation Plans
May 2, 2007 -- Rising gas prices are already prompting consumers to cut back on summer vacation plans, a recent survey found.
Of more than 1,000 consumers polled nationwide, nearly half said they would limit holiday travel if gas prices hit $3.50 per gallon, according to the Civil Society Institute, a Washington-based policy think tank. About the same number said they would cut back on personal spending in general.
Seventy-two percent of respondents said they expected gas prices to reach $3.50 within the next few months, while 28 percent are expecting prices to go as high as $4.00 per gallon, the survey found.
"Americans are fed up with skyrocketing gasoline prices and they want action, including higher federal fuel-efficiency standards now for cars and other vehicles," Pam Solo, the group's president, said in statement.
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