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New Study Shows Fuel Price Points that Drive Lifestyle Changes

October 6, 2005

At what price per gallon will consumers change their lifestyle? A new study by custom research firm Gfk NOP says that consumers are ready to take action at $2.50 per gallon.The 2005 GfK NOP Green Gauge Study says that when gas hit $2.50 per gallon, 26 percent of Americans surveyed said they kept their most gas guzzling vehicle in the garage as much as possible, and an additional 22 percent said they tried to reduce the amount of time they spend on the road.At four dollars a gallon, consumers say they will adopt new strategies to save on fuel by carpooling, walking, biking or using other forms of transportation, limiting total drive time, using their most gas-efficient vehicle, or immediately purchasing a more fuel-friendly car. Prices would need to reach $5 per gallon before a majority of consumers say they would resort to public transportation.

Lifestyle Changes Consumers Will Make Based on the Price per Gallon of Gas

 

$2.50 / gallon

$3.00 / gallon

$3.50 / gallon

$4.00 / gallon

$5.00+ / gallon

Drive Your Most Fuel Efficient Vehicle

26%

35%

44%

50%

57%

Immediately Purchase a More Fuel Efficient Vehicle

17%

27%

40%

54%

71%

Reduce Overall Driving

22%

34%

47%

56%

65%

Walk/Bike More and Other Forms of Transportation

13%

24%

38%

49%

64%

Use Public Transportation

8%

16%

26%

40%

59%

Carpool

15%

25%

38%

49%

66%

Source: GfK NOP

About the 2005 GfK NOP Green Gauge StudyThe 2005 Green Gauge Study surveyed 2,000 adults ages 18 and up using in-person, in-home interviews. All participants included in the study owned one or more vehicles.About GfK NOPHeadquartered in New York, GfK NOP is a company of GfK Custom Research, North America, part of the GfK Group. With home offices in Nuremberg, Germany, The GfK Group is among the top-three market research organizations in the world. Its activities cover five business divisions: Custom Research, Retail and Technology, Consumer Tracking, Media and Healthcare. In addition to 13 subsidiaries in Germany, The GfK Group has more than 130 subsidiaries and affiliates in 61 countries.
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