November 6th, 2007
12:45 PM ET
10 years ago

Gas prices, economy may be next big '08 issue

WASHINGTON (CNN) – As gas prices hit $3 a gallon, a new CNN/Opinion Research Corp. poll shows high gas prices are hurting a majority of Americans.

The new poll results may be an indication of what Americans will focus on for the 2008 presidential election.

Sixty three percent of Americans say the high gas prices are a hardship for their families with 37 percent saying it is not

“What we saw yesterday is the economy has jumped to the top of the list of most important problems, beating Iraq by a point,” said CNN Polling Director Keating Holland. “Clearly gas prices have a great deal to do with that.”

The poll was conducted on November 2 -4 and included 1,024 adults with a margin of error of plus or minus three percent.

- CNN Political Producer Xuan Thai

Filed under: Polls
soundoff (54 Responses)
  1. joseph, austin, tx

    and all this time I thought gas prices and the economy were already important. maybe we should drill here while giving incentives to energy companies to develope viable alt-fuel sources. Dont give me corn either, that can't be used to meet our demands for energy. plus how would that make america look if we were taking food out of developing countries mouthes to fuel our cars.

    November 6, 2007 02:04 pm at 2:04 pm |
  2. Joan, Cincinnati, Oh

    I work for a two-year career college and it's common place anymore to hear from students who have to choose between whether to drive to work or drive to school because they don't have gas money for both. People of very modest incomes are having to make life impacting decisions because of the cost of gas.

    November 6, 2007 02:10 pm at 2:10 pm |
  3. Jim Topeka, Kansas

    Gee, $3.00 a gallon gas and the economy might be "the next big issues", where you guys been, the economy and the rising costs of energy have been the big domestic issues for the past 7 1/2 yeas, it just that no one in Washingtons been listening to the American people.

    The disposable income of the American middle class has been in a death spin during the Bush administration, but you say the national economy has been growing. No it has not, the GDP has shown growth, that growth has not translated into increased disposable income for the vast majority of society.

    But you say the housing boom and increased spending by consumers and my response is a housing boom fueled by irresponsible brokers and lenders that through permissive lending practises that would not have been tolerated 20 years ago drove up housing prices and overextened American families. The result the highest forclosure rates this nation has seen in years.

    But you say durable goods sales, and my response is once again irresponsible lenders placing credit cards in the hands of anyone that asked with ridiculous credit limits regardless of credit history. Our economy has grown in the 2000's by doing exactly as this administration. Reduced disposable income, increased spending though the use of credit cards. Increased national spending despite massive tax cuts that did not trickle back into the hands of the lower and middle classes. That were not reinvested in the manufacturing base of the nation, that went straight into the pockets of the upper elite and stayed there.

    Surprise, surprise, surprise.....inflation, recession and a dollar that is vauled lower than the loony, call it what you want, but sound economic growth I don't think so.
    Have a nice day.

    November 6, 2007 02:13 pm at 2:13 pm |
  4. A. Thomas, New York, NY

    The high gas prices and poor ecoonomy are all George Bush's fault. America has spent over 800 billion dollars in the Afgan and Iraq wars, destablising the middle east, upsetting many oil producing countries that limit the oil supplies, etc.

    America needs Hillary to pull out from the wars, to spent the money domestically in education, health care, security, and to have more co-operative diplomatic relationship with other countires, i.e. no more cow-boy politics of George Bush.

    The Bill Clinton administration had the best economy in recent american history. The former long term Fed Chairman, Allan Greenspan considers Bill, not Bush sr or jr, as a very wise president of last 3 decades.

    November 6, 2007 02:13 pm at 2:13 pm |
  5. Cory

    Gas prices are becoming a hardship for my family, but I don't feel many of the candidates for president will tackle it head on.
    My vote will go to whomever will approach and ACT upon it.

    November 6, 2007 02:20 pm at 2:20 pm |
  6. Donnie Edwards Delbarton WV

    We are starting a campaign to boycott the 2008 election see if they like the high numbers of no voters to go with there high gas prices and we would like to no who in the congress or senate and family members own stock in the big oil companys

    November 6, 2007 02:31 pm at 2:31 pm |
  7. nelson colorado springs co

    the Amercian people should protest gas company now. the oil we are useing now was brought at least let say $65.00 a barrel 6 month ago. now $96 today, why are we paying for todays prices. this oil haven't got to the pump yet. we are between a rock and hard place

    November 6, 2007 02:36 pm at 2:36 pm |
  8. David, Gilbert Arizona

    I can't help wondering how many of the 1,024 people polled car pool or take some form of mass transit? How many of them drive to and from work as a sole occupant? What is the typical vehicle of choice for these people who were polled? Are they SUV's or are they economy cars? How many of the people polled have the option of tele-commuting?

    All of these factors will weigh heavily on the out come of this type of poll. Personally I use mass transit which is paid for in full by my employer as part of our travel reduction program. The increase in gas prices poses much less of a hardship on my family as it might to someone who does not participate in a travel reduction program. There is still the question of why. Why would someone who is faced with an economic hardship not make the effort to reduce their own consumption?

    America has a love affair with cars, which very well may be our undoing. God forbid we have to take a bus or car pool. Even when the option is offered people will still choose to drive as a sole occupant.

    And before people start beating the party drums this has nothing to do with politics. Much of what drives our economy has to do with the individual, what we purchase, how much we consume, and the lifestyle many of us live. Of course individual responsibility is politically incorrect and wildly unpopular. It is so much easier to blame the government for problems of our own creation.

    November 6, 2007 02:37 pm at 2:37 pm |
  9. demwit

    Now why would we have a shortage of gasoline with all that dem support for new refineries??

    November 6, 2007 02:41 pm at 2:41 pm |


    November 6, 2007 02:48 pm at 2:48 pm |
  11. Lars, DC

    Mitt Romney is best qualified to lead this country through the coming economic hardships. I'm voting for Mitt in 2008.

    November 6, 2007 02:54 pm at 2:54 pm |
  12. Eric, from THE Republic of Texas

    Minus gas prices, today's economic numbers are a near mirror of Clinton's economic numbers.

    The media simply fell all over itself in the Nineties, reporting what an AMAZING economy that Clinton had "provided."

    However, nearly identical economic numbers are now called "a problem."

    The only significant difference in the numbers: The "R" behind the current president's name.

    November 6, 2007 02:56 pm at 2:56 pm |
  13. Brendan H., San Antonio, TX

    Funny thing.....

    ....It took about 100 years for oil to reach $30.00/barrel;

    ....In just 6 years the price has tripled (starting actually with the Iraq War, so 5 years), oil companies are showing quarterly profits in the BILLIONS of dollars, unprecedented;

    ....Bush/Cheney are the first Prez/VP-tandem where both are from the oil industry, and we're lead to believe that it's just a coincidence?!


    November 6, 2007 02:57 pm at 2:57 pm |
  14. danielle garrion, new caney texas

    looks like its back to the beans and rice or maybe i will have to choose one or the other if my gas bill keeps going up.

    November 6, 2007 03:48 pm at 3:48 pm |
  15. Brit, London

    Hey America, buy smaller cars.

    November 6, 2007 03:49 pm at 3:49 pm |
  16. Lance in Monrovia CA

    Obama has been more transparent than every single candidate. He released his one earmark while Hilary refuses to release hers. He voluntarily released his tax returns, the only candidate to do so.

    Obama also passed the first ethics reform in a generation, which is why Hillary can't ride in her Wall Mart proided jet to the debates anymore.

    November 6, 2007 04:10 pm at 4:10 pm |
  17. Kim, Midland MI

    Let's examine this.

    It doesn't cost any more to get oil out of the ground, and it doesn't cost any more to process it to gasoline.

    So how is this not the biggest rip off of Americans, ever?

    November 6, 2007 04:26 pm at 4:26 pm |
  18. JD Rugby ND

    The disaster of Bush's Iraq debacle should be issue number 1. If it is not the most important issue with the voters, then we as Americans are not showing our military forces the proper support.

    November 6, 2007 04:39 pm at 4:39 pm |
  19. unknown

    I for one am glad to see the gas prices going up. Maybe then the illegals and drunks will stay off the road.

    November 6, 2007 04:52 pm at 4:52 pm |
  20. Ryan, New York, NY

    Rose Hillrose, Chicago, IL : November 6, 2007 3:21 pm

    Please do us a favor and stop spamming this article all over CNN's board. This is the 2nd time in two days I've seen this article on here. If I wanted to read articles from the Chicago Sun Times, I'd go to their site.

    November 6, 2007 05:05 pm at 5:05 pm |
  21. Chris Haynes, Winston-Salem, NC

    Two things:

    Eric, from THE Republic of Texas;

    Where were you educated my friend? You claim the economy is doing as well as in the '90's? Do you realize that the US Dollar is weaker than the Canadian Dollar at this point? How do you explain the triple digit surge in home forclosures? Does the Federal Government typically lower interest rates (three quarters of a percent over one month) when the economy is strong? Or, and I believe this is it, are you just repeating things that propoganda machines spew?

    Brit from London,

    Thank you!!!!! Folks, it takes a LOT of soccer balls to fill a Suburban. If you want to show off your social status, buy a BMW. They are expensive, but get incredibly great gas milage for the horsepower they create. Oh, and even a 3 Series is safer than your gas guzzling urban assault vehicle.

    November 6, 2007 05:17 pm at 5:17 pm |
  22. Steve Blaine Washington

    In about 18 months to 24 months gasoline will be coming down from Manatoba. There is more oil up there than in the entire Meddle East.

    November 6, 2007 05:24 pm at 5:24 pm |
  23. Matt, Iowa

    "Minus gas prices, today's economic numbers are a near mirror of Clinton's economic numbers."

    Hey Eric- Have you checked the federal deficit lately???? Bush has maxed out the nations' credit card. Mr. Clinton was able to actually start paying it off.

    November 6, 2007 05:55 pm at 5:55 pm |
  24. Antonio, Tempe AZ

    The price of gas in the US has little to do with our adventures in Iraq and everything to do with a weak US dollar.

    I've spent the last two months in Europe and can say that nobody outside of the US and China (b/c they pegged their currency to ours) is complaining about gas prices. A weak US dollar means that ALL imports are more expensive and our exports are more affordable to other countries (assuming we still export anything). Since we import most of our petrol it stands to reason that it's more expensive these days, just like everything else we import.

    If you want the real culprit, look at our monetary policy of allowing ridiculously low interest rates for years on end. This makes Treasury bills a worse deal for investors and instead they look to put their money into foreign markets.

    Did no one else notice the Canadian dollar achieving parity with ours or that we at something like $1.42/euro when four years ago it was $1/euro more or less?

    November 6, 2007 05:56 pm at 5:56 pm |
  25. ronnie knoxville, tn.

    god forbid people should have to scale back in another area of their spending – DVDs, fast food, attending movies, pairs and pairs of shoes ... compared with other parts of the world, $3 p/gallon is cheap.

    November 6, 2007 05:59 pm at 5:59 pm |
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