gas price sign

Gas prices are substantially lower than they were a year ago, but according to a new gas-price index released by AAA, about 61 percent of those polled said that prices are too high when gas is above $3.50 per gallon – the current national average for regular gasoline is $3.51 per gallon. Forty-six percent of those polled felt that anything above $3.00 per gallon is too high, but as Robert L. Darbelnet, president and CEO of AAA, points out, prices have been around $3.00 for more than two years so this price is likely the "new normal."

In total, AAA interviewed just over 1,000 adults to find their gas-price breaking point and what they do to offset high prices. According to the study, 86 percent said they would drive less, 54 percent said they would drive a more fuel-efficient car and 33 percent said they would carpool more. Almost half of all those polled who were between the ages of 18 and 34 said they are more willing to cut fuel expenses by using public transportation or working closer to home.

Of course, maybe the answer is just to buy more bicycles like the Italians? Head on over to AAA for the full results of the study.