Description

The recent rise in fuel prices has rekindled interest in Frost & Sullivan's 2006 study, "Impact of Rising Fuel Prices on U.S. Consumers' Driving and Vehicle Purchase Behavior" (Originally published 20th Jan 2006). In the current environment, the relevance and importance of this study have amplified. Thus, we feel a strong need to direct our customers' attention back to this study. The study is based on a survey of U.S. consumers, who were asked questions on their possible reactions to higher fuel prices -- specifically, their driving behavior and vehicle and system preferences at certain discrete gasoline price points, from $2.50 to $5 per gallon.