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

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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Submitted Aug 20, 2008 By: JT

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rtw777 Champion Author Florida Posts:2,937 Points:577,250 Joined:Jan 2008	Message Posted: Aug 21, 2008 10:20:22 AM Ignore rtw777 Report Abuse Look how wrong they can be. Wishful thinking I guess.
AnObserver Champion Author New Jersey Posts:3,167 Points:1,185,655 Joined:Sep 2005	Message Posted: Aug 21, 2008 10:18:29 AM Ignore AnObserver Report Abuse Few are unhappy to see it behind us. Unfortunately the same same carbon dependency still exists
superglidefxd Champion Author Michigan Posts:2,329 Points:456,650 Joined:Aug 2006	Message Posted: Aug 21, 2008 10:17:06 AM Ignore superglidefxd Report Abuse more than likely prices wont go up more than the record high already is, not until elections are over.
bluebird1 Champion Author Toronto Posts:9,235 Points:1,859,035 Joined:May 2004	Message Posted: Aug 21, 2008 10:16:25 AM Ignore bluebird1 Report Abuse Spike or not, gas is staying up here...dropped a few cents over several days but in general rising - including last 2 days.
bejamaluthopa Rookie Author Florida Posts:95 Points:338,055 Joined:Jan 2008	Message Posted: Aug 21, 2008 10:14:31 AM Ignore bejamaluthopa Report Abuse Emily Kaiser (author), will you put your hand over fire for this statement?
Chazzer Champion Author Nevada Posts:9,828 Points:2,071,460 Joined:May 2002	Message Posted: Aug 21, 2008 10:13:45 AM Ignore Chazzer Report Abuse We can only hope the spike in crude and gas prices are over. I'm not quite convinced yet!
spunky4443 Champion Author Washington Posts:2,856 Points:808,500 Joined:May 2005	Message Posted: Aug 21, 2008 10:12:35 AM Ignore spunky4443 Report Abuse Well I wouldn't bet on it??????????
roydarecker Champion Author Minnesota Posts:4,640 Points:981,070 Joined:Sep 2006	Message Posted: Aug 21, 2008 10:12:25 AM Ignore roydarecker Report Abuse Until when?
radicale All-Star Author Calgary Posts:971 Points:240,500 Joined:Aug 2006	Message Posted: Aug 21, 2008 10:12:20 AM Ignore radicale Report Abuse What?
SeerLV Champion Author Las Vegas Posts:2,165 Points:455,085 Joined:Jun 2008	Message Posted: Aug 21, 2008 10:11:56 AM Ignore SeerLV Report Abuse Prices will rise again.
copperhead8 Champion Author Boston Posts:8,527 Points:1,566,890 Joined:Dec 2004	Message Posted: Aug 21, 2008 10:09:36 AM Ignore copperhead8 Report Abuse Can't wait for things to be "normal" again.
ww2gas Champion Author Virginia Posts:2,299 Points:573,800 Joined:May 2007	Message Posted: Aug 21, 2008 10:07:19 AM Ignore ww2gas Report Abuse Up and down. Hopefully the usual post summer driving drop will materialize.
SueB1863 Veteran Author Detroit Posts:305 Points:24,195 Joined:Apr 2008	Message Posted: Aug 21, 2008 10:06:55 AM Ignore SueB1863 Report Abuse Yup, oil's almost over $120 again, it'll probably go over sometime today and stay there. They're saying conditions now are the same as when it made the run at $150, econimic jitters and a weak dollar, wouldn't be surprised if that happens again. We could hit $150 by Labor Day after all! Better fill up now before the gas hikes start!
mrsports007 Champion Author Raleigh Posts:2,495 Points:375,685 Joined:Jun 2008	Message Posted: Aug 21, 2008 10:06:31 AM Ignore mrsports007 Report Abuse it's not over by any means.
tigger4prez Sophomore Author Iowa Posts:117 Points:352,490 Joined:Sep 2007	Message Posted: Aug 21, 2008 10:02:07 AM Ignore tigger4prez Report Abuse Better think again as oil shot up $4 a barrel this morning.
mfeldstein Champion Author Ottawa Posts:2,289 Points:771,005 Joined:Feb 2007	Message Posted: Aug 21, 2008 9:58:49 AM Ignore mfeldstein Report Abuse Prices will have their ups and downs from day to day, but it's been one step up and two steps down lately trending in the right direction.
Kthyme Champion Author Fort Worth Posts:4,699 Points:1,237,365 Joined:Apr 2006	Message Posted: Aug 21, 2008 9:56:12 AM Ignore Kthyme Report Abuse The dem's have been blocking drilling since the 80's - now look where we are...and government is making more money than ever off this why would the dem's want to drill...that cut's off they money for their little pet projects that they have going in their own states. They think we are so dumb. The one's that don't want to vote for drilling need to be voted out of office. That will speak louder than any words that they brush off. Drill here...Drill now... ;)
randog Champion Author Detroit Posts:6,183 Points:1,117,375 Joined:Aug 2005	Message Posted: Aug 21, 2008 9:55:57 AM Ignore randog Report Abuse Prices are shooting up again to $119. That's a $4 hike so far today. It is rather foolish to think that they will not rise even more.
tbybee All-Star Author Omaha Posts:670 Points:281,195 Joined:Apr 2008	Message Posted: Aug 21, 2008 9:54:58 AM Ignore tbybee Report Abuse I think the worst is temporarily over, but will return.
sailormon Champion Author Michigan Posts:1,406 Points:363,875 Joined:Jul 2007	Message Posted: Aug 21, 2008 9:50:54 AM Ignore sailormon Report Abuse "poll of 1,089 likely voters" Wow, a whole 0.000004% of the population of the US. And you think that is a good estimate of how people in the US feel?! Give me a break!!
Gassie1 Champion Author Akron Posts:6,296 Points:915,340 Joined:Apr 2007	Message Posted: Aug 21, 2008 9:49:17 AM Ignore Gassie1 Report Abuse The damage to us all isn't over
mattf373 All-Star Author Atlanta Posts:906 Points:186,650 Joined:Mar 2003	Message Posted: Aug 21, 2008 9:48:01 AM Ignore mattf373 Report Abuse I think the worst is over also
hblee Champion Author Ontario Posts:1,283 Points:453,745 Joined:May 2004	Message Posted: Aug 21, 2008 9:47:59 AM Ignore hblee Report Abuse Wishful thinking. Prices will climb again, unfortunately.
977mp Champion Author Cincinnati Posts:1,275 Points:356,170 Joined:Mar 2008	Message Posted: Aug 21, 2008 9:47:46 AM Ignore 977mp Report Abuse Most Americans are living in Pollyanna's Never-never Land. Poll oil speculators. Poll oil company worker-bees even. 1089 likely voters -- doesn't that say something about the quality of government. We're going to get exactly what we deserve. Unfortunately. It doesn't matter which "side" wins, the quality stays the same.
kingdick Champion Author Minnesota Posts:23,330 Points:1,888,970 Joined:Aug 2004	Message Posted: Aug 21, 2008 9:47:28 AM Ignore kingdick Report Abuse ----------------------------------- Our government is not for US it is for the paid lobbyists We need to get RID of the paid lobbyists. So the people WE elect listen to us and not be controlled be the greedy corporations. ----------------------------------- STOP POLITICIANS and STAFF from becoming Lobbyists or working for the companies that they controlled when in Government. Maybe make it a crime to be a paid lobbyist. -----------------------------------
techque Champion Author St. Louis Posts:2,458 Points:1,256,510 Joined:Apr 2005	Message Posted: Aug 21, 2008 9:47:09 AM Ignore techque Report Abuse another survey of unqualified, opinionated morons. . why bother ?
Kana Veteran Author New York Posts:493 Points:156,695 Joined:Aug 2005	Message Posted: Aug 21, 2008 9:46:26 AM Ignore Kana Report Abuse Don't get lulled into a false sense of security. Since the 2005 hurricane season when Katrina and Rita devistated the US southwest, Gas prices have steadily risen. At that time parices were around $2.50\gl. In the time since 2005 there have been a couple periods where prices dropped but only to rebound and climb higher. Kind of strange now that we are getting closer to elections that prices start dropping. I give partial credit to consumers reduceing\conserving their fuel useage along with more people staying closer to home this summer and traveling less. You can expect that to change when consumer feel the price is 'reasonable' they will start increaseing their usage again and prices will begin to climb. The US needs a real energy plan and neither elected party (Dem\Rep) has made a real effort to take that forward (IMO). Unless our elected officials start working together rather than trying to devide us, things aren't going to get better. It's time to push development and implementation of alternative energy resources. Also think about all the consumer products made of plastics. A major ingredient for synthetic materials (plastics) is petroleom. Oils isn't just for driving our vehicles, it plays a major part in our everyday lives as well.
kingdick Champion Author Minnesota Posts:23,330 Points:1,888,970 Joined:Aug 2004	Message Posted: Aug 21, 2008 9:45:53 AM Ignore kingdick Report Abuse Up Up Up if the republicans get in office Rich will get richer.
Brockvillian Veteran Author Ontario Posts:437 Points:277,245 Joined:May 2007	Message Posted: Aug 21, 2008 9:45:23 AM Ignore Brockvillian Report Abuse Nah, it is just starting.
Pede Champion Author New Jersey Posts:2,074 Points:273,800 Joined:Apr 2007	Message Posted: Aug 21, 2008 9:44:10 AM Ignore Pede Report Abuse We need politicians to stop investing in the oil companies and start taking care of the people who voted for them.
acknot Champion Author Seattle Posts:1,487 Points:768,300 Joined:Sep 2003	Message Posted: Aug 21, 2008 9:43:23 AM Ignore acknot Report Abuse Winter heating oil season is just around the corner.
4X4Lady Champion Author Wyoming Posts:6,270 Points:370,775 Joined:Aug 2006	Message Posted: Aug 21, 2008 9:41:56 AM Ignore 4X4Lady Report Abuse Here's my prediction......prices will level off til AFTER the election. Then LOOK OUT!
rod1965 Champion Author Portland Posts:1,741 Points:322,985 Joined:Jul 2007	Message Posted: Aug 21, 2008 9:39:14 AM Ignore rod1965 Report Abuse If we get complacient about the gas prices going down and the possibility of the economy recovering fast this will happen all over again and next time it will be worse.
dls_txxs_grl All-Star Author Dallas Posts:869 Points:59,850 Joined:May 2008	Message Posted: Aug 21, 2008 9:39:11 AM Ignore dls_txxs_grl Report Abuse I AGREE WITH THE GUY BELOW ME!!!
KopterDoctor Veteran Author Alabama Posts:318 Points:54,045 Joined:May 2008	Message Posted: Aug 21, 2008 9:38:22 AM Ignore KopterDoctor Report Abuse I do not believe this for a second. We need oil independence. We need alternative USA fuel sources.
Egaser Veteran Author Atlanta Posts:470 Points:367,310 Joined:Apr 2006	Message Posted: Aug 21, 2008 9:37:08 AM Ignore Egaser Report Abuse I think everybody needs to hold that thought in reserve.
markmoore80 All-Star Author North Carolina Posts:907 Points:302,775 Joined:Apr 2004	Message Posted: Aug 21, 2008 9:34:51 AM Ignore markmoore80 Report Abuse Yesterday? Nothing new to report today?
falconmb Champion Author Austin Posts:14,782 Points:612,320 Joined:Jul 2007	Message Posted: Aug 21, 2008 9:32:14 AM Ignore falconmb Report Abuse ditto mrpc90!
cardjcsk Champion Author Toronto Posts:1,852 Points:770,255 Joined:Feb 2007	Message Posted: Aug 21, 2008 9:32:01 AM Ignore cardjcsk Report Abuse Right
eaglev Champion Author Oklahoma City Posts:2,223 Points:577,890 Joined:Jul 2005	Message Posted: Aug 21, 2008 9:31:44 AM Ignore eaglev Report Abuse If we don't drill this will happen again next spring and we will be paying over $4 then.
WillyG Champion Author Cincinnati Posts:1,891 Points:567,710 Joined:Aug 2005	Message Posted: Aug 21, 2008 9:30:26 AM Ignore WillyG Report Abuse Everybody is an expert. I doubt anyone (except for the oil companies) knows which way this is going.
Bruno44 Champion Author Texas Posts:1,963 Points:623,880 Joined:Sep 2007	Message Posted: Aug 21, 2008 9:29:51 AM Ignore Bruno44 Report Abuse I agree with valeriehire. We need to Drill Here and Drill Now to stop the opec dependence. Wake up the demos in congress so they will stop blocking drilling in US!
GWayne All-Star Author Florida Posts:746 Points:279,440 Joined:Mar 2008	Message Posted: Aug 21, 2008 9:29:48 AM Ignore GWayne Report Abuse Rajah is right, this one is over, wait another 10 years for the NEXT huge hike. It's time to get real serious about alternative fuels, that will keep oil and gas prices down.
AC-302 Champion Author Los Angeles Posts:12,279 Points:1,671,415 Joined:Aug 2004	Message Posted: Aug 21, 2008 9:29:17 AM Ignore AC-302 Report Abuse I'm not sure the poll is meaningful. I'd rather see a poll of oil execs than unknowlegeable consumers..
mrpc90 Champion Author Illinois Posts:1,724 Points:676,820 Joined:Dec 2004	Message Posted: Aug 21, 2008 9:28:48 AM Ignore mrpc90 Report Abuse If the worst is over, let's get back to $2 a gallon gas.
hooky Champion Author Michigan Posts:12,254 Points:1,173,070 Joined:Sep 2005	Message Posted: Aug 21, 2008 9:28:46 AM Ignore hooky Report Abuse Horse dooky!
Rajah Champion Author Illinois Posts:3,485 Points:1,255,435 Joined:Jul 2005	Message Posted: Aug 21, 2008 9:28:14 AM Ignore Rajah Report Abuse "Worst of THIS oil spike is over- U.S. poll" There, fixed the headline for ya... If you think this is the last spike, forget it.
rnb1954 Rookie Author Illinois Posts:52 Points:112,690 Joined:Jun 2008	Message Posted: Aug 21, 2008 9:27:10 AM Ignore rnb1954 Report Abuse I will beleive it when labor day weekend it over they will still jack the prices up to make a profit.
valeriehire All-Star Author San Bernardino Posts:522 Points:149,475 Joined:Jun 2008	Message Posted: Aug 21, 2008 9:25:09 AM Ignore valeriehire Report Abuse I dont think the price spike is over forever. I think that this was some big test (manipulation) by OPEC or the Stock Market Traders... to see how much we would tolerate as consumers and as a country. I fear that this was just a hint of things to come. Maybe not next week, next month, etc - but its best to get prepared now - for another big spike in prices down the road. (We still have winter fuel-oil prices to deal with in a few short months too.)
mooneagle Champion Author Oklahoma City Posts:2,340 Points:496,265 Joined:Jun 2008	Message Posted: Aug 21, 2008 9:20:14 AM Ignore mooneagle Report Abuse I don't think so after 2 days of the rise of oil
star_deceiver Champion Author British Columbia Posts:2,302 Points:468,390 Joined:Jun 2008	Message Posted: Aug 21, 2008 9:18:56 AM Ignore star_deceiver Report Abuse housing??? overpriced and going down fast
rogerparry Champion Author Florida Posts:3,158 Points:651,630 Joined:Jan 2008	Message Posted: Aug 21, 2008 9:18:22 AM Ignore rogerparry Report Abuse Keep gas prices coming down.