GasBuddy study: Americans expecting a gas price spike if U.S. attacks Syria
Sep 24, 2013 | 1357 views | 0 0 comments | 4 4 recommendations | email to a friend | print
Americans expect a gas price spike if U.S. attacks Syria, 52% say between 16 and 50 cents per gal.

CHICAGO (Sept. 25) – If  the U.S. attacks Syria how high might gas prices go? It’s the question we’d like to avoid but warrants consideration once again, 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.

When nearly 20,000 consumers were asked by GasBuddy how high they think local prices could go, 30% 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.

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 that track gasoline prices at over 140,000 gasoline stations in the United States and Canada. In addition, GasBuddy offers a free app (just named one of the 50 best iPhone apps in 2013 by Time Magazine) which has been downloaded over 25 million times to help motorists find the lowest gasoline prices in their area.
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