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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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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.
kanmandoo Champion Author Detroit Posts:1,349 Points:1,132,875 Joined:Jun 2005	Message Posted: Aug 21, 2008 9:16:56 AM Ignore kanmandoo Report Abuse to help the housing market it needs to drop more.
bell05 Champion Author Atlanta Posts:2,927 Points:617,405 Joined:Jun 2005	Message Posted: Aug 21, 2008 9:16:32 AM Ignore bell05 Report Abuse What does John Q. Public know?
Retowered Champion Author Colorado Posts:2,831 Points:1,442,990 Joined:May 2004	Message Posted: Aug 21, 2008 9:16:03 AM Ignore Retowered Report Abuse I hope that they are right.
CatbirdWoman All-Star Author Ohio Posts:840 Points:427,730 Joined:Jan 2007	Message Posted: Aug 21, 2008 9:16:03 AM Ignore CatbirdWoman Report Abuse It may be election year. Whatever, I hope it keeps dropping.
frede2 Champion Author Texas Posts:4,107 Points:878,595 Joined:May 2005	Message Posted: Aug 21, 2008 9:14:34 AM Ignore frede2 Report Abuse Goto has his own little political agenda. Nothing based on fact, just the usual b.s. HybridPete is right, no matter who gets into the White House, prices will go right back up.
bowler48226 Champion Author Detroit Posts:1,721 Points:459,410 Joined:Sep 2007	Message Posted: Aug 21, 2008 9:14:34 AM Ignore bowler48226 Report Abuse Let's take that poll after the elections.
HybridPete Champion Author Detroit Posts:3,160 Points:611,245 Joined:Jan 2008	Message Posted: Aug 21, 2008 9:13:24 AM Ignore HybridPete Report Abuse Come on think folks, its an election year.
LeoStraussLives All-Star Author Detroit Posts:612 Points:17,940 Joined:Jun 2008	Message Posted: Aug 21, 2008 9:11:20 AM Ignore LeoStraussLives Report Abuse Goto What kind of analysis would bring you to that idea? Is it conservative analysis (an oxymoron)? Or did you think of it yourself?
RC_RACER Champion Author Tacoma Posts:2,924 Points:566,530 Joined:Jun 2004	Message Posted: Aug 21, 2008 9:08:49 AM Ignore RC_RACER Report Abuse who pays for these polls, oh yeah, thats right, up go are taxes AGAIN.
owatonnajeep Champion Author Minnesota Posts:3,125 Points:625,195 Joined:Nov 2007	Message Posted: Aug 21, 2008 9:08:46 AM Ignore owatonnajeep Report Abuse lol, they poll US citizens, who have virtually no impact on the price of gas...
china211 Veteran Author Long Island Posts:497 Points:84,400 Joined:May 2008	Message Posted: Aug 21, 2008 9:08:37 AM Ignore china211 Report Abuse Economy is a big thing on the election ticket this year!!!!
Matts_Pap Champion Author Pennsylvania Posts:3,136 Points:546,815 Joined:Feb 2008	Message Posted: Aug 21, 2008 9:08:09 AM Ignore Matts_Pap Report Abuse Were the people being polled "thinking" or "wishing".
unclebobMO Veteran Author Missouri Posts:266 Points:188,355 Joined:Mar 2008	Message Posted: Aug 21, 2008 9:07:48 AM Ignore unclebobMO Report Abuse Now everybody wants to believe that the oil bubble has burst. It has got a lot further to tumble to make up for the huge run-up.
lucky69 Champion Author Austin Posts:1,240 Points:418,285 Joined:May 2008	Message Posted: Aug 21, 2008 9:07:20 AM Ignore lucky69 Report Abuse It is nice to see it go down and stay down for a while but I believe they went to $4 dollars to make us happy with where it is right now, even though its still to high, over a dollar a gallon more than last year.
gotoneros Champion Author Syracuse Posts:2,963 Points:603,885 Joined:Jan 2007	Message Posted: Aug 21, 2008 9:06:27 AM Ignore gotoneros Report Abuse If Obama wins you aint seen nothin yet... 200 barrel.
ss70 Champion Author Detroit Posts:4,440 Points:983,750 Joined:Sep 2005	Message Posted: Aug 21, 2008 9:04:28 AM Ignore ss70 Report Abuse Chinese are defeating US with economy... Just like US defeated USSR ..otherway around... Stop importing everything from China ... start using local products...
billgina81 Rookie Author Texas Posts:41 Points:5,875 Joined:Aug 2008	Message Posted: Aug 21, 2008 9:02:57 AM Ignore billgina81 Report Abuse And how much ya think they spent on that poll???
drunkhabib Champion Author North Carolina Posts:16,347 Points:1,942,225 Joined:Oct 2003	Message Posted: Aug 21, 2008 9:02:38 AM Ignore drunkhabib Report Abuse it will jump as soon as the olympics are over. the chinese, in an effort to reduce smog during olympics, allowed only half of its population to drive each day prior to and during the olympics. when they start driving again, gas will jump. Then the heating oil costs up north will make it jump again, double whammy for the us.
chas_commuter All-Star Author South Carolina Posts:830 Points:226,085 Joined:Mar 2008	Message Posted: Aug 21, 2008 9:01:49 AM Ignore chas_commuter Report Abuse It was indeed a test to see how far they can go, now they know how much to bend us over next year.
FawltyPawl Champion Author North Carolina Posts:1,235 Points:202,480 Joined:Jul 2008	Message Posted: Aug 21, 2008 9:01:32 AM Ignore FawltyPawl Report Abuse sounds like everyone feels the price squeeze is over; quick, go buy a gas guzzler.
jeep2003 Veteran Author New York Posts:251 Points:245,250 Joined:May 2008	Message Posted: Aug 21, 2008 9:00:08 AM Ignore jeep2003 Report Abuse I think the spike was just a test for the next time and then the real thing. I think we are getting a breather due to a lot of different reasons mostly people not traveling which means not buying.
DFleming Veteran Author Alberta Posts:430 Points:89,735 Joined:May 2008	Message Posted: Aug 21, 2008 9:00:06 AM Ignore DFleming Report Abuse Hardly
Toppers Champion Author Atlanta Posts:2,699 Points:1,218,345 Joined:Mar 2005	Message Posted: Aug 21, 2008 8:58:43 AM Ignore Toppers Report Abuse Just wait!
briank299 Champion Author Cleveland Posts:9,849 Points:1,816,500 Joined:Aug 2003	Message Posted: Aug 21, 2008 8:58:34 AM Ignore briank299 Report Abuse Sentraholic - Good point, but please, go easy on our fellow motorists! I too have a history of good mileage cars, with a 2008 Chevy Cobalt getting 40 mpg currently in my driveway. Two Chevy Cavaliers and a Ford Ranger have also gave me great service along with good mileage. Back in the day, I did own two Dodge B-350 Maxivan V8s that really sucked gas, but that was when gas was cheap, and I ran a contracting business. Many of the posts are spot on: Conserve, conserve, conserve! Even with prices falling, DO NOT go back to your old ways. Prices will settle when WE get comfortable again. Conserve, conserve, conserve! Thanks to MLK Jr (not Barrack Hussein) for the triple use style of words to get a point across. God Bless America.
timwil Champion Author Arkansas Posts:3,238 Points:640,315 Joined:May 2007	Message Posted: Aug 21, 2008 8:57:15 AM Ignore timwil Report Abuse will have to see to belive
LeoStraussLives All-Star Author Detroit Posts:612 Points:17,940 Joined:Jun 2008	Message Posted: Aug 21, 2008 8:55:16 AM Ignore LeoStraussLives Report Abuse Sentra My vehicle gets 35 mpg too and it's American with more than 80% American parts that supplies American jobs.
oncotime Champion Author Milwaukee Posts:11,165 Points:2,004,875 Joined:May 2003	Message Posted: Aug 21, 2008 8:54:47 AM Ignore oncotime Report Abuse for now maybe
Gas_Buzzer Champion Author South Carolina Posts:8,105 Points:1,432,840 Joined:Sep 2005	Message Posted: Aug 21, 2008 8:53:39 AM Ignore Gas_Buzzer Report Abuse There is a "poll" for everything.
MI 99XPL Rookie Author Detroit Posts:32 Points:88,290 Joined:Mar 2003	Message Posted: Aug 21, 2008 8:53:29 AM Ignore MI 99XPL Report Abuse Yeah, what Sentraholic said! If you don't pull a trailer, stop buying trucks and SUVs! Leave those vechicles to people that really need them.
rbdesigns All-Star Author Modesto Posts:523 Points:385,320 Joined:May 2008	Message Posted: Aug 21, 2008 8:52:40 AM Ignore rbdesigns Report Abuse The housing market is a completely different beast.
LeoStraussLives All-Star Author Detroit Posts:612 Points:17,940 Joined:Jun 2008	Message Posted: Aug 21, 2008 8:51:57 AM Ignore LeoStraussLives Report Abuse Sentra What are you supposed to drive if you have a big family?
Mikey8494 Champion Author Dayton Posts:3,805 Points:1,109,650 Joined:Jul 2006	Message Posted: Aug 21, 2008 8:51:42 AM Ignore Mikey8494 Report Abuse One word Elections
HockeyLady Champion Author New Jersey Posts:1,721 Points:1,225,285 Joined:Jun 2005	Message Posted: Aug 21, 2008 8:51:11 AM Ignore HockeyLady Report Abuse we still must drill and look for alternatives!
Sentraholic Champion Author Maryland Posts:2,197 Points:520,235 Joined:Nov 2006	Message Posted: Aug 21, 2008 8:49:54 AM Ignore Sentraholic Report Abuse Recent poll suggests that Arab terror-sponsoring states are going to continue to capitalize on all the idiot soccer-moms buying SUVs to ride around in, at 78 mph, ALONE... My current car, a four-door Nissan Sentra which averages 35 mpg, is the biggest car I've ever bought. Thanks to all you status-symbol-minded retards who think the opinions of your fellow-idiot neighbors matter more than anything else.
canescommuter Champion Author Greensboro Posts:1,670 Points:370,755 Joined:Feb 2008	Message Posted: Aug 21, 2008 8:45:53 AM Ignore canescommuter Report Abuse These same consumers thought purchasing gas guzzlers and SUVs was a good idea a couple of years ago. Polls are good for entertainment value only.
phatride92 Champion Author Kansas Posts:5,564 Points:1,296,410 Joined:Oct 2005	Message Posted: Aug 21, 2008 8:43:59 AM Ignore phatride92 Report Abuse Ugh, it is an election year?
SaturnRay Champion Author Oklahoma City Posts:2,923 Points:591,215 Joined:Apr 2006	Message Posted: Aug 21, 2008 8:43:40 AM Ignore SaturnRay Report Abuse Depends on the powers that be.
tomok Champion Author Portland Posts:14,871 Points:1,080,185 Joined:Aug 2006	Message Posted: Aug 21, 2008 8:41:58 AM Ignore tomok Report Abuse Eventually, the price of gasoline will go up - just how much is the question. As long as it stays at a reasonable price - that will be a good thing.....
Sandhog7 Veteran Author New York Posts:268 Points:111,450 Joined:Apr 2008	Message Posted: Aug 21, 2008 8:41:02 AM Ignore Sandhog7 Report Abuse I calm before the storm.
cableman31 Champion Author New York Posts:2,616 Points:788,765 Joined:May 2004	Message Posted: Aug 21, 2008 8:40:04 AM Ignore cableman31 Report Abuse I hope he is right, but I have my doubts.
greytdino Veteran Author Indiana Posts:491 Points:102,635 Joined:Sep 2005	Message Posted: Aug 21, 2008 8:36:22 AM Ignore greytdino Report Abuse Agreed.
danielle6181 All-Star Author Houston Posts:754 Points:403,065 Joined:Aug 2005	Message Posted: Aug 21, 2008 8:35:59 AM Ignore danielle6181 Report Abuse I don't think we've seen the worse of it.
SheRides Veteran Author Louisiana Posts:459 Points:829,575 Joined:Jan 2006	Message Posted: Aug 21, 2008 8:35:37 AM Ignore SheRides Report Abuse We certainly hope so.
mhewer All-Star Author Detroit Posts:590 Points:243,430 Joined:Sep 2007	Message Posted: Aug 21, 2008 8:34:20 AM Ignore mhewer Report Abuse hopefully
Zinnoil Champion Author Florida Posts:16,693 Points:1,876,640 Joined:May 2004	Message Posted: Aug 21, 2008 8:34:12 AM Ignore Zinnoil Report Abuse No reason for oil to drop.
lindamay Champion Author Minnesota Posts:1,849 Points:408,685 Joined:Feb 2008	Message Posted: Aug 21, 2008 8:33:47 AM Ignore lindamay Report Abuse I hope they're right.
docwilly All-Star Author Scranton Posts:554 Points:104,335 Joined:Feb 2008	Message Posted: Aug 21, 2008 8:32:30 AM Ignore docwilly Report Abuse over for how long
southjerseyal Champion Author New Jersey Posts:7,140 Points:1,041,330 Joined:Mar 2005	Message Posted: Aug 21, 2008 8:31:33 AM Ignore southjerseyal Report Abuse All Politics!!!
bkaanta Sophomore Author Boston Posts:119 Points:61,505 Joined:Jul 2008	Message Posted: Aug 21, 2008 8:30:28 AM Ignore bkaanta Report Abuse Probably just a drop for elections, then they will rise again
tonycmd All-Star Author Maryland Posts:515 Points:129,830 Joined:Jun 2008	Message Posted: Aug 21, 2008 8:29:18 AM Ignore tonycmd Report Abuse The calm before an even bigger storm