If you’re feeling the negative effects of the skyrocketing gas prices, you aren’t alone. According to USA Today/Gallup Poll research, 70 percent of Americans have been experiencing “financial hardship” since prices have gone up to around $4 per gallon.
More than 50 percent of those surveyed said that they have been forced to make major changes in the way they budget and spend their money in order to afford fueling up, reports the news source.
The previous record high in the U.S. was a national average of $4.11 per gallon, and seven states have reportedly surpassed that amount in recent weeks.
A fifth of respondents have attributed the rising cost of gas to degrading their standard of living, causing severe hardship.
Those who are in need of a car, but have been saddled with bad credit due to the inability to make ends meet, may want to use a car loan calculator to determine exactly what they can afford in this market, doing so will help consumers avoid unrealistic financial decisions.