POLL: Two-Thirds Think Gas Prices Headed Above $4

November 29, 2012
By

FUEL FEARS: Rising concern about higher fuel prices comes amid an increasing number of green energy company failures

DENVER – Barack Obama’s re-election to the White House has done little to calm public concerns about increasing fuel costs, according to a recent poll, with nearly two-thirds of Americans saying they believe gasoline prices will continue to rise.

According to the Rasmussen survey , 64 percent of respondents say they believe it is either “very likely” or “somewhat likely” that gas prices will climb past the dreaded $4 per gallon mark in the next few months.

Critics say the poll results demonstrate declining public confidence in White House energy policies.

“President Obama failed to address rising gas prices and American energy independence in his first term,” said T.Q. Houlton, president of the free market advocacy group Compass Colorado. “It’s obvious the majority of Americans don’t expect the President to adopt an all-of-the-above energy solution any time soon.”

Rising fears of higher fuel prices comes amid an increasing number of “green” energy company failures by recipients of Obama Energy Department assistance.

The high-profile collapse of solar firms like Solyndra and Abound have raised questions about the cost and effectiveness of President Obama’s push to heavily subsidize “green” energy.

The Administration’s decision to award taxpayer-backed financial support, including large loan guarantees, to companies connected to wealthy Democrat political donors has also raised eyebrows.

One of the donors cited by critics was a key backer of Abound and is a major Democratic contributor, billionaire heiress Patricia Stryker.

Controversy surrounding the Obama initiative prompted a House of Representatives vote earlier this year to limit the ability of the Department of Energy to continue providing the lucrative incentives.

The Rasmussen survey of 1,000 adults was conducted on November 20, and has a + / – 3 percentage point margin of error.

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