Investors expected to vary responses to gas price spike
The likely actions of financial service professionals’ clients as gasoline prices continue to rise are far from clear, according to the latest IFAwebnews.com poll.
Participants in the poll seem split on their responses to how increases to gasoline prices will affect investors’ appetites. In recent weeks, turmoil in the Middle East, especially in Libya, has caused gasoline prices to spike across the country, with some increases of more than 40 cents per gallon. Experts say prices could reach $4 or $5 a gallon by summer.
In the poll, an even percentage of participants (39%) say investors will either take their money out of the market and hide it or continue with the investments they have.
A minority (22%) suggests its clients will invest more wisely because of the gasoline price hikes.
Take part in the next IFAwebnews.com poll.
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