72 percent of Americans expect gas prices to exceed $5 by July 1

WASHINGTON, DC – May 5, 2011 – (Motor Sports Newswire) –  The national average price for a gallon of regular gasoline has nearly hit the $4 mark, but most Americans don’t think it’s going to stop there, the American Recreation Coalition reported today.

A new Rasmussen Reports survey finds that 72 percent of American Adults say it’s at least somewhat likely that the price of gas will rise above $5 a gallon by July 1, up 14 points from two months ago.

Only 25 percent indicated gas is not likely to cost more than $5 by then.

An overwhelming 94 percent of Americans believe it’s at least somewhat likely they will be paying more for gas in six months, including 76 percent who say it’s very likely.

According to Rasmussen Reasearch, 93 percent of adults say they are paying more for a gallon of gasoline than they were six months ago.

The nonpartisan Congressional Budget Office has suggested a mileage tax for drivers as a way to pay for the Obama administration’s plans to spend $556 billion over six years on transportation projects. But Americans nationwide remain firmly opposed to a tax based on the number of miles they drive, the American Recreation Coalition said.

SOURCE: American Recreation Coalition