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Higher Gas Prices Lead to Higher Credit Card Use

by Peter Andrew
Higher Gas Prices Lead to Higher Credit Card Use

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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%.


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