Bluefield, Va. (WVVA) Today AAA is releasing the results of a new survey that examines consumer attitudes about gas prices. The survey results(*) indicate Americans will be more likely to travel this summer if prices continue to remain at the lower levels seen recently.
· 6 in 10 Americans say they are more likely to take a road trip of 50 miles or more away from home in 2015 if gas prices remain near recent levels. Younger Americans are more likely than older Americans to take a road trip:
o 68 percent of Americans age 18-34 say they are more likely to take a road trip if gas prices remain near recent levels.
o 57 percent of Americans age 35+ say they are more likely to take a road trip if gas prices remain near recent levels.
AAA estimates that U.S. households have spent about $400 less on gasoline due to lower prices so far this year, in comparison to the same period in 2014. The national average price for a gallon of regular gas is $2.58 today, compared to $3.69 one year ago.
The average price today at West Virginia pumps is $2.54 which is 11 cents higher than a month ago. However, local drivers are saving $1.20 compared to the price a year ago.
About half of Americans believe that gas prices are too high at $3.00 per gallon. Public attitudes towards gas prices have changed significantly as the cost of gas decreased in recent years. The results indicate that Americans may have a lower tolerance for high gas prices now that they are paying much less at the pumps than in previous years.
· In March 2013, half of Americans thought gas was too high at $3.44 per gallon. The national average was $3.64 per gallon at the time.
· In March 2014, half of Americans thought gas was too high at $3.30 per gallon. The national average was $3.49 per gallon at the time.
· In April 2015, half of Americans thought gas was too high at $3.00 per gallon. The national average was $2.39 per gallon at the time.
(*)This report presents the findings of a telephone survey conducted among two national probability samples (landline only and cell phone), which, when combined, consists of 1,007 adults, 504 men and 503 women, 18 years of age and older, living in the continental United States. Interviewing for this survey was completed on April 10-12. 506 interviews were from the landline sample and 501 interviews from the cell phone sample. This study has an average statistical error of ±3.5% at the 95% confidence level for all U.S. adults.