The poll found that 78% of the respondents say they are currently paying more for a gallon of gas today compared to what they were paying six months ago.
84% of respondents also believe it’s likely gas prices at the pump will continue to increase over the next six months.
Of that 84%, 64% believe it will be ‘Very Likely’ they’ll be paying more at the gas pump in six months than they currently are now.
The poll was conducted between February 23-24 of 1,000 U.S. American adults.
The current average gas price in the U.S. stands at $3.728/gallon, according to AAA Gas Prices.
The average gas price a year ago was $2.737/gallon, according to AAA Gas Prices.
The current U.S. gas pump price is edging near the highest recorded average price of gas at $4.114 in 2008.
Patrick De Haan, head of petroleum analysis at GasBuddy, believes that the national average gas price will hit $4/gallon by March 24.
Current $4/gal nationwide average target date: March 24. Up 3 days from previous prediction. Will update periodically.
— Patrick De Haan ⛽️📊 (@GasBuddyGuy) March 2, 2022
Analysts believe that a major contributor to higher pump prices is due to Russian oil exports plunging due to financial and shipping sanctions.
Energy Intelligence estimates that Russian oil exports dropped by at least one-third — or some 2.5 million barrels per day — this week as a result of financial and shipping sanctions. Read more @energyintel #OOTT #RussianUkrainianWar
— Amena Bakr (@Amena__Bakr) March 3, 2022