CHICAGO (WANE) A survey conducted by GasBuddy clearly indicates consumers believe an attack on Syria by the US would result in higher gas prices, with a good percentage feeling they would spike by more than 50 cents.
The gas price tracking web site asked nearly 20,000 consumers how high they thought prices would go after President Barack Obama said Monday that he’s prepared to attack Syria, with or without a U.N. mandate. If Syrian President Bashar al-Assad reneges on the U.S.- Russian deal to put Syria’s chemical weapons under international control, an attack could occur.
Thirty percent of respondents said they think a hike would push prices up between 16 and 30 cents per gallon and 22% said they thought prices would spike by 51 cents or more.
Here's the overall breakout of the responses:
- 1-15 cents per gallon 18%
- 16-30 cents per gallon 30%
- 31-50 cents per gallon 22%
- 51 cents per gallon or more 17%
- No impact on fuel prices 11%
When asked to identify the time frame in which they believe a U.S. military action would be over, they responded as follows:
- 1 to 30 days 12%
- 31 to 60 days 8%
- 61 to 90 days 5%
- 91 days or more 31%
- No military action will occur 41%
“We’re hopeful that the 41 percent who believe no military action will occur are proven correct and that a political resolution will be found to avoid war in Syria,” said Patrick DeHaan, senior petroleum analyst for GasBuddy. “If there is a military response and a resulting fuel price spike, then we may soon be asking whether the President should tap the SPR to relieve prices. Hopefully, that won’t be necessary.”
GasBuddy operates over 250 similar websites and powers the wane.com Gas Gauge that track gasoline prices at over 140,000 gasoline stations in the United States and Canada.
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