Oil Company Greed Seen as Major Reason for High Gas Prices

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Source: Gallup

Majority of Americans expect $4.00 gas prices this summer

PRINCETON, NJ -- The latest Gallup panel survey finds the public bracing for continued rising gas prices this summer. A majority of poll respondents expect gas prices to reach the $4.00 per gallon level in their local area this summer, though only a small minority expects it to reach the $5.00 mark. Roughly two in three Americans say they have already been affected financially in some meaningful way by the high gas prices. The public most often mentions oil company greed as the reason for the high gas prices, though it also mentions other more practical reasons such as problems with refineries.

In the May 21-24, 2007, survey, 58% of Americans predict that gas prices will reach $4.00 per gallon in their local area this summer. However, only 8% believe gas prices will reach $5.00 per gallon, and just 1% of the public believes prices will go as high as $6.00 per gallon.

Read more: http://www.galluppoll.com/content/?ci=27709