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WASHINGTON (Reuters) - If U.S. gasoline prices hit $4 a gallon this year, more than half of Americans surveyed said they would reduce holiday travel and cut back on personal spending to offset the higher pump costs
Results were released Wednesday of 1,001 Americans surveyed on behalf of the Massachusetts-based Civil Society Institute think tank and its 40MPG.org project which pushes for more fuel efficient U.S. cars and trucks.
"These survey findings suggest that $4-a-gallon gasoline could be a real tipping point for the public," said 40MPG.org spokeswoman Ailis Wolf.
The U.S. Energy Department is forecasting that high crude oil costs will push gasoline prices to a record $3.50 this spring when driving normally increases, and 71 percent of those surveyed expect gasoline will hit $4 a gallon this summer.