NEW YORK (CNNMoney.com) - Many Americans will watch fireworks at home instead of hitting the road this July 4, according to a new poll released Wednesday, as record gasoline prices force people to make major changes in their daily lives.
According to a CNN/Opinion Research poll, 31% of Americans have canceled or shortened their planned holiday weekend vacation because of the recent increase in the price of gas.
"When consumers talk about their thinning wallets, high fuel expenses is the reason they would point to first," said Wachovia economist Tim Quinlan.
The average price of a gallon of gas rose to an all-time high above $4.09 a gallon Wednesday, according to a survey from motorist group AAA. Gas prices are now about 3% higher than last month and 38.5% higher than year-ago levels.
UNITED WE'RE STRONGER
OBAMA (P) & CLINTON (VP) 2008-2014
NO TO "BUSH II" (MCCAIN) OR "BUSH JR.", MR. WAR, MR. DEATH, MR. NO BRAINS, MR. I BUMP MY HEAD A LOT
After Obama is elected, and gas prices continue to climb, are his supporters going to come back to this blog and explain why the gas prices are still rising? you know, considering its all Bush's fault that gas prices are this high. Then again, Obama being the Messiah and all, maybe he'll just turn water into gasoline for us all, right after he walks on it. fools
Ok- everyone can agree that the price of gas sucks. And most of us could agree that we are not GW fans. However, you people that believe he controls the entire universe and and blame EVERYTHING on him are just crazy. He doesnt have half as much power as you guys accuse him of.