AAA: Survey says gas prices are too high

Posted at 12:45 PM, Mar 30, 2017
and last updated 2017-03-30 15:45:49-04

While gas prices have remained relatively stable over the last few weeks, a new survey reveals that nearly a quarter of consumers believe the price at the pump is already too high.

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According to AAA, more than 70 percent of consumers say they would make everyday lifestyle or driving habit changes in response to higher gas prices. The top five changes drivers would make are:

1. Combining errands or trips
2. Driving less
3. Reducing shopping or dining out
4. Delaying major purchases
5. Carpooling

However, not everyone will jump to make a change. The survey found that younger Americans (18-34) are more tolerant of higher prices and less likely to change habits compared to older consumers (35 and older).

And despite higher gas prices, AAA found that 80 percent of U.S. families are planning a road trip this year – that’s 10 percent more families compared to 2016.

AAA expects the national fuel average to increase 40 cents this summer, peaking around $2.70 per gallon between May and June. This forecasted average is 70 cents higher compared to last summer’s peak price.