More than 40% of Americans Say Energy Situation is “Very Serious” — Gallup

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By Paul Ausick Published
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Gallup is out with a new survey today indicating that 42% of Americans consider the “energy situation” to be “very serious.” Presumably the “situation” is whether or not there’s enough, not how much it costs, because half of those polled believe the US is “likely to face a critical energy shortage in the next five years.”

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But what Americans really mean, of course, is that gasoline costs too much:

Americans’ views about the seriousness of the energy situation over the next several months are likely going to be determined by the trajectory of gas prices — which typically rise in the spring and summer months before falling in the late summer and fall — as well as whether gas prices surpass the record high set in 2008.

Another Gallup poll published last week showed that 7% of those surveyed said that gas prices are “the most important problem facing this country today.” That’s up from just 1% in February.

A more interesting question might be, “What can the President/Congress/Big Oil do about it?”

Paul Ausick

Photo of Paul Ausick
About the Author Paul Ausick →

Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

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