Higher Gas Prices Lead to Higher Credit Card Use
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Higher
Gas Prices Lead to Higher Credit Card Use
Almost
a third of drivers in a Sacred Heart University poll say they
are using credit cards more frequentky for gas purchases due
to the steep escalation in gas prices this year.
This
was actually the good news for consumers. While 31.2% have been
using credit cards more often for gas purchases, over half said
they would restrict travel over the holidays due to gas prices
and over 75% said the rise in gas prices had had a "serious"
impact on the quality of their lives.
The
Sacred Heart University Polling Institute completed 1,000 interviews
with residents nationwide between October 3-12, 2005. The sample
was generated proportional to population contribution in all
50 states. The poll's margin of error was 3.0%.
Published 10/20/05 (Modified 01/21/13)
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