"Motorists unfazed by climbing gas prices". Oh really?

WePurrsevere

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Wed May-16-07 09:07 AM
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"Motorists unfazed by climbing gas prices". Oh really?

I ran across the quote in the title as the title of this AP news article today... (HERE):

NEW YORK --For all their complaining as they pay $3 a gallon or more to fill up their cars, few American drivers have yet to reach the point of cutting back. That's the message from government statistics showing that demand for gasoline is only just starting to level off even as refinery outages and tight supplies have sent pump prices soaring by 43 percent since the end of January.

<snip>

"I drive 55 miles each way to work every day," said Sandy Colden, of Medford, N.J., one recent morning while loading groceries into her Honda Pilot SUV. "So I really don't have a choice, unfortunately."

Colden's not alone. Most Americans are locked into their driving habits, and can do little to alter their fuel-buying patterns when prices rise, experts say. For example, the number of workers with commutes lasting longer than 60 minutes grew by almost 50 percent between 1990 and 2000, according to Census Department data.

But that usually means they have to cut back elsewhere, as Wal-Mart Stores Inc. is finding to its distress. The world's largest retailer said Tuesday that earnings in the current quarter will fall short of Wall Street expectations, in part because of higher gas prices.

Just a few days ago however I ran across the following recent article about a study done by Wayne Hochwarter, a professor of management in Florida State Univ's College of Business. HERE) The results of this study show that the title of that AP article is nonsense... we ARE fazed by climbing gas prices and it's showing up ways that effect the over all health of our economy in general.

Higher Gas Prices Leave Many Workers Running on Empty
<snip>
Research conducted by Wayne Hochwarter, a professor of management in FSU's College of Business, documents that Americans' work attitudes have been affected as the cost to fill a tank of gas has nearly doubled over the past few years. In his research, approximately 1,000 full-time employees were asked to note how gas prices have affected their disposable spending patterns. They also were asked how these changes affected their stress levels and willingness to participate at work. (Respondents, who worked in both blue- and white-collar occupations, reported paying an average of $2.83 a gallon during their previous visit to the gas station at the time they were surveyed earlier this year.)

Sixty percent of employees confirmed that the price of gas has significantly reduced the amount of money they have to spend on other things, while 45 percent reported the need to pay off debts more slowly or not at all. Finally, 26 percent indicated that the cost of gas has necessitated going without basics such as heat or air conditioning, or even cutting back on food purchases, over the past few months.

Further, Hochwarter found that those most affected by gas prices were prone to experience stress both on and off the job. Specifically, negative views of work and the company, sluggishness, antagonistic behavior, feeling overwhelmed and sadness were significantly higher for those indicating gas-price-related effects on spending behavior.

"Most of these effects can be attributed directly to distraction while at work," Hochwarter said. "Those I've talked to spent a significant amount of time worrying about their financial situation."

The research also indicated much higher levels of family conflict for those required to modify spending habits.</snip>

Unfazed? There may be a sense of helplessness, frustration and plenty of anger but from what I'm hearing the emotions expressed are far from "unfazed". x(