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Poll: Most Americans expect $4 gasoline

Almost 80 percent think they will pay that much at the pump this year, and they think it's 'unreasonable'.


NEW YORK (CNNMoney.com) -- As gasoline prices race past record highs, more than three quarters of Americans think they'll will have to pay over $4 for a gallon this year, according to a poll released Monday.

Seventy-nine percent of people polled said they are either "very likely" or "somewhat likely" to pay over $4 a gallon according to a CNN/Opinion Research Corporation poll.

But only a quarter of those surveyed said that gasoline is likely to reach $5 per gallon this year, and only 10 percent said it is very likely.

Compared to other things people buy, 81 percent said gasoline costs are "unreasonable."

Industry watchers also say $4 gasoline is likely in several areas of the country, although their opinions are not unanimous.

The telephone poll of 1,028 adult Americans was conducted Friday through Sunday. It has a sampling error of plus-or-minus 3 points.

The poll was released a day after the Lundberg Survey reported that the price of gasoline has hit a record high, averaging $3.07 for a gallon of self-serve regular in the United States.

The previous high, set last August, was $3.03.

When inflation is factored in, the new price falls just short of the all-time high set in March 1981. At the time, gasoline cost $1.35 a gallon -- in today's dollars, that's $3.13 a gallon, said Trilby Lundberg, publisher of the Lundberg Survey.  Top of page

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Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.