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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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tizbowwow Champion Author Illinois Posts:6,916 Points:1,314,175 Joined:May 2008	Message Posted: Aug 24, 2008 8:29:05 AM Ignore tizbowwow Report Abuse hard to believe this
jim92065 Veteran Author San Diego Posts:395 Points:62,165 Joined:Jul 2008	Message Posted: Aug 24, 2008 1:38:31 AM Ignore jim92065 Report Abuse POLELANE's posts are making more and more sense to me. I'm very frightened.
samc3d Champion Author Jacksonville Posts:10,162 Points:2,181,730 Joined:Sep 2005	Message Posted: Aug 21, 2008 6:25:28 PM Ignore samc3d Report Abuse The fuel crisis is far from over. As a nation we Americans have much too short of a memory. Our problems with foreign oil will continue as long as we depend on foreign oil.
fstang94 Rookie Author Massachusetts Posts:64 Points:19,390 Joined:Jun 2008	Message Posted: Aug 21, 2008 12:00:18 PM Ignore fstang94 Report Abuse ya right it will even more out of control the next time topping out at $5.00 plus a gallon,who are they kidding
STEVE853 Champion Author Florida Posts:3,960 Points:807,255 Joined:Nov 2007	Message Posted: Aug 21, 2008 11:46:31 AM Ignore STEVE853 Report Abuse Maybe.
letmathe Champion Author Chicago Posts:12,431 Points:2,733,140 Joined:May 2001	Message Posted: Aug 21, 2008 11:44:51 AM Ignore letmathe Report Abuse ditto
drthunder Champion Author New York Posts:1,190 Points:351,230 Joined:Sep 2005	Message Posted: Aug 21, 2008 11:26:58 AM Ignore drthunder Report Abuse I do not believe one bit of this
qwikss Veteran Author Phoenix Posts:253 Points:82,745 Joined:May 2006	Message Posted: Aug 21, 2008 11:24:57 AM Ignore qwikss Report Abuse Didn't I see this one yesterday?
GirlyTruck Champion Author Los Angeles Posts:2,685 Points:740,475 Joined:Aug 2007	Message Posted: Aug 21, 2008 11:24:00 AM Ignore GirlyTruck Report Abuse All the people tell me so, but what do all the people know?
rjb21760 Champion Author Chicago Posts:2,097 Points:669,210 Joined:Oct 2006	Message Posted: Aug 21, 2008 11:20:10 AM Ignore rjb21760 Report Abuse doubtful
Jim_F Rookie Author Dallas Posts:19 Points:23,630 Joined:Mar 2008	Message Posted: Aug 21, 2008 11:16:37 AM Ignore Jim_F Report Abuse Don't believe one bit of the polls! There are a bunch of us that will tell the pollster just the opposite of what we believe. We hate those unsolicited phone calls. We are still in a price rise. Just because gas dropped about $0.40 from the top, we are still paying a $1.00 more than a year ago. It will be nice if it goes down below $3.00. But if it does, it will only be for a short time, and we will never see below $3.00 again. A year from now we will be wishing for gas below $3.50. (I just purchased a tank at $3.22) 73
TBoneSoCA All-Star Author Orange County Posts:509 Points:88,530 Joined:May 2007	Message Posted: Aug 21, 2008 11:15:29 AM Ignore TBoneSoCA Report Abuse I doubt the worst is over...
chd2008 Rookie Author Georgia Posts:42 Points:9,030 Joined:May 2008	Message Posted: Aug 21, 2008 11:12:37 AM Ignore chd2008 Report Abuse They didn't ask me! Maybe gas prices is still top on my list! Just because it came down 50 cents (probably temporarily) doesn't mean it's no longer a problem!!! We are still at the mercy of the oil companies!!
NavyEOD Champion Author Los Angeles Posts:7,712 Points:1,567,900 Joined:Jul 2007	Message Posted: Aug 21, 2008 11:11:59 AM Ignore NavyEOD Report Abuse I doubt it very much.
ftsgt Champion Author Illinois Posts:10,730 Points:2,062,360 Joined:Dec 2004	Message Posted: Aug 21, 2008 11:09:57 AM Ignore ftsgt Report Abuse not so fast, rising 2nd day in a row, its early but its up almost $4 so far
evasilion All-Star Author Virginia Beach Posts:701 Points:132,320 Joined:Mar 2008	Message Posted: Aug 21, 2008 11:06:54 AM Ignore evasilion Report Abuse Who really knows?
Don20 Champion Author Oklahoma City Posts:7,297 Points:2,154,145 Joined:Mar 2005	Message Posted: Aug 21, 2008 11:05:12 AM Ignore Don20 Report Abuse How can you say its over, when the price is still $3.40 to $3.50 a gal.. Here.
dabuzman Champion Author Seattle Posts:4,399 Points:1,429,050 Joined:Apr 2006	Message Posted: Aug 21, 2008 11:05:03 AM Ignore dabuzman Report Abuse We may have seem to spike on gas but we still have to not seem the rest of the affects. Housing, airline and the rest is coming in small inker mets. Called inflation. Hang on we all at to lose more. Greed will have a world affect.
Lovelee Champion Author Detroit Posts:17,034 Points:1,566,855 Joined:Mar 2007	Message Posted: Aug 21, 2008 11:03:38 AM Ignore Lovelee Report Abuse So this let's the politians off the hook for November Elections.
RochBear Champion Author Minnesota Posts:8,461 Points:1,439,505 Joined:May 2006	Message Posted: Aug 21, 2008 11:03:36 AM Ignore RochBear Report Abuse DarthDad, you better go take Econ 101. A recession is two consecutive quarters of NEGATIVE growth. We have yet to have ONE quarter of NEGATIVE growth in GDP. Therefore, we're a NOT in a recession, even if the idiots in the press say we are, just because they say so, does not make it reality. Remember you can't believe everything you read in the papers. Remember the news media has an agenda, and what is reported has a slant. And yes, I learned that in My many Econ classes. (I have a Bachelor of Science in Econ from the U of Minnesota)
Cyberpeep24 Champion Author Oakland Posts:1,605 Points:138,795 Joined:Apr 2008	Message Posted: Aug 21, 2008 11:03:11 AM Ignore Cyberpeep24 Report Abuse Keep conserving, this is not even close to being over
NissanGirl Veteran Author Oregon Posts:308 Points:200,010 Joined:Jan 2008	Message Posted: Aug 21, 2008 11:03:05 AM Ignore NissanGirl Report Abuse Who do they poll on these things? I'm not silly enough to think that the worst is over. I am just going to enjoy the slight decline in prices while it lasts.
NoodlyWee All-Star Author Orange County Posts:579 Points:278,020 Joined:Mar 2008	Message Posted: Aug 21, 2008 11:01:59 AM Ignore NoodlyWee Report Abuse Great! We can only hope the prices will keep declining. I won't be satisfied until it's closer to high $2's and low $3's.
bobsalwaysmt Champion Author Long Island Posts:3,424 Points:205,890 Joined:Oct 2007	Message Posted: Aug 21, 2008 10:59:47 AM Ignore bobsalwaysmt Report Abuse Hopefully that is not a precursor to a return to our old driving and consumption habits and an increase in demand.
Gorlock Sophomore Author Toledo Posts:212 Points:29,090 Joined:Jul 2008	Message Posted: Aug 21, 2008 10:57:45 AM Ignore Gorlock Report Abuse I should guess as well. Maybe someone will publish my guess.
Caspertherat Sophomore Author Arkansas Posts:158 Points:46,765 Joined:Jul 2008	Message Posted: Aug 21, 2008 10:56:00 AM Ignore Caspertherat Report Abuse Of course they will rise. The gas companies have one last shot at us for the Labor Day weekend and they will do something. Check out the news where the Govt. is reporting supplies are down yet we have been driving less.
Gerund1 Champion Author Toronto Posts:1,237 Points:840,480 Joined:Apr 2003	Message Posted: Aug 21, 2008 10:53:35 AM Ignore Gerund1 Report Abuse Look out America!! The price of oil appears to be attempting to get back to their highs, which means that fuel prices will more that follow.
BM4225 Champion Author Atlanta Posts:7,931 Points:1,669,510 Joined:Aug 2006	Message Posted: Aug 21, 2008 10:52:05 AM Ignore BM4225 Report Abuse Part of the gloom that is going on is because of the news media. One bank failed just because someone reported that they were in trouble. The bank would still be in business today, and it depositers that lost millions in uninsured deposits would still be whole today. Know the facts before you speak.
USMCret Champion Author Dayton Posts:6,808 Points:1,673,355 Joined:Apr 2005	Message Posted: Aug 21, 2008 10:49:30 AM Ignore USMCret Report Abuse Nope, its not!!
maindrag Champion Author Ontario Posts:1,498 Points:88,535 Joined:Dec 2005	Message Posted: Aug 21, 2008 10:49:24 AM Ignore maindrag Report Abuse that's cause we need to live, it just can't go up. a 59 yr old guy just jumping off the bluewater bridge due to financial deficulties. sad
murdershewrote Champion Author Riverside Posts:7,272 Points:2,146,710 Joined:Mar 2005	Message Posted: Aug 21, 2008 10:49:05 AM Ignore murdershewrote Report Abuse remember yogi berra...right now ..the fat lady is gargling
DarthDadJr Champion Author Virginia Posts:5,544 Points:1,122,910 Joined:Jul 2008	Message Posted: Aug 21, 2008 10:48:59 AM Ignore DarthDadJr Report Abuse We are still in a recession...even though Bush does not like to say that word!
kypeanuts Veteran Author Louisville Posts:342 Points:74,160 Joined:May 2008	Message Posted: Aug 21, 2008 10:48:39 AM Ignore kypeanuts Report Abuse right - until they come up with another reason to raise the prices
KrazyDawg Champion Author California Posts:2,354 Points:393,615 Joined:Aug 2007	Message Posted: Aug 21, 2008 10:47:43 AM Ignore KrazyDawg Report Abuse It's not over.
yeehaw1073 All-Star Author Indiana Posts:864 Points:1,424,905 Joined:May 2004	Message Posted: Aug 21, 2008 10:46:47 AM Ignore yeehaw1073 Report Abuse There's a good idea...poll the American people. They're the ones who really know. Good Grief!!!
TwoEyes Champion Author New Haven Posts:1,683 Points:2,137,760 Joined:May 2005	Message Posted: Aug 21, 2008 10:38:05 AM Ignore TwoEyes Report Abuse probably no decline today -- oil has spiked up $4.44 to over $119/barrel.
Austin1850 Champion Author Austin Posts:11,220 Points:1,292,175 Joined:May 2008	Message Posted: Aug 21, 2008 10:37:00 AM Ignore Austin1850 Report Abuse will rise for Labor Day
PantySnatcher All-Star Author Alabama Posts:647 Points:437,465 Joined:Apr 2005	Message Posted: Aug 21, 2008 10:36:15 AM Ignore PantySnatcher Report Abuse Wanna bet, on this? My paycheck(which is pruddy good),against your's? Any, take'er's on this gamble? That's right.... I thought, so!
LTCBILL Sophomore Author New Jersey Posts:105 Points:584,700 Joined:May 2006	Message Posted: Aug 21, 2008 10:33:14 AM Ignore LTCBILL Report Abuse Until the next one
JPEight Champion Author Nashville Posts:9,498 Points:1,254,180 Joined:Jul 2008	Message Posted: Aug 21, 2008 10:33:11 AM Ignore JPEight Report Abuse One Cat 4 Gulf Hurricane is the only excuse they need to go back up. Failing that, they'll find something else - from the Russians sitting on the Transcaucus pipeline to the presidential election.
hugrad2005 Sophomore Author Arkansas Posts:137 Points:83,280 Joined:Jun 2008	Message Posted: Aug 21, 2008 10:31:46 AM Ignore hugrad2005 Report Abuse Who are "most Americans?" Who did they ask to get that idea? I sure don't think the worst is over. I'm not about to breathe a sigh of relief from the over $4 a gallon gas we'd been paying. It is only a matter of time, probably a short time, before it all goes back up again and never comes down.
whitemiata Champion Author Albany Posts:7,579 Points:1,661,000 Joined:Mar 2005	Message Posted: Aug 21, 2008 10:31:36 AM Ignore whitemiata Report Abuse yeah, I'm enjoying the low prices while they're here, not expecting them to stay..
ElCubano Champion Author Miami Posts:2,043 Points:419,625 Joined:Sep 2006	Message Posted: Aug 21, 2008 10:31:34 AM Ignore ElCubano Report Abuse housing and fuel costs are killing this economy
jdbgn Champion Author Los Angeles Posts:10,599 Points:1,643,710 Joined:Apr 2007	Message Posted: Aug 21, 2008 10:30:51 AM Ignore jdbgn Report Abuse Don't bet on it.
amacquarrie All-Star Author Nevada Posts:521 Points:112,875 Joined:Jun 2008	Message Posted: Aug 21, 2008 10:28:06 AM Ignore amacquarrie Report Abuse up to $119 a barrel
Blackice Champion Author Twin Cities Posts:4,022 Points:1,032,220 Joined:Oct 2003	Message Posted: Aug 21, 2008 10:25:16 AM Ignore Blackice Report Abuse Crude oil is UP $3.75 today at this time...
Arktander Champion Author Illinois Posts:1,716 Points:1,392,060 Joined:Aug 2005	Message Posted: Aug 21, 2008 10:23:29 AM Ignore Arktander Report Abuse We'd better not get used to the lower prices. They are bound to rise.
Roo08 Veteran Author Grand Rapids Posts:399 Points:57,235 Joined:Jul 2008	Message Posted: Aug 21, 2008 10:22:39 AM Ignore Roo08 Report Abuse Why should the average Joe know what's going to happen when the average analyst doesn't have a clue. No one agrees. No one can tell the future. If only I could then I'd be rich. LOL
rtw777 Champion Author Florida Posts:7,043 Points:1,377,400 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:6,290 Points:1,845,210 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