A recent survey by Consumer Reports Nat’l Research Center shows that drivers in America are feeling the pain of high gas prices and it’s having an affect on their lifestyles and car purchasing decisions.  In fact, people are opting to hold onto their current vehicles and purchase used car warranties.

Consumers say that they aren’t doing as much vacationing, driving, and entertainment spending.  Also evident, is that people are struggling with the cost of health care and food prices.  Who should be blamed for these hard times?  The survey revealed that 77% of people blame the federal government for not being able to carry out an energy policy that is effective, and 75% blame oil companies, as well as foreign producers of oil.

The price of gas has risen dramatically this year, going from $2.96 per gallon in Feb. 2008 to $4.08 in June, which is an increase of 38%.  That quick change has caused the price of transportation, heating oil and food to go up also.  Consumers are feeling the financial burden on many fronts with no sign of relief.  The result of this is that 45% of people aren’t putting as much money into their savings accounts, approximately one quarter aren’t spending as much on healthcare or food, and 17% are charging more on credit cards.

The rising fuel costs are having a poor effect on consumers’ lifestyles.  People are holding onto their current cars and purchasing an auto warranty instead of buying new vehicles.  Essentially, people are just trying to weather the storm.