Gas Prices Could Be A Key Factor In Obama 2012 Reelection Bid

High gas prices and continued anxiety about the economy have taken their toll on President Obama’s approval ratings, which have dropped consistently since the president announced he is running for a second term.

Since Obama announced on April 4 with a low-key email and video address to supporters, the president’s numbers have gone down in every poll conducted during that period.

Pollsters attribute the president’s dropping poll numbers to the rise of gasoline prices, which historically have taken a toll on the popularity of the White House.Last Friday, a Gallup survey showed the president’s numbers at 41 percent, a tie for the lowest point in his administration. At the time Obama announced his reelection plans, the president clocked in at about 49 percent approval.

But in the weeks that followed, which included a near shutdown of the federal government, more unrest in the Middle East and a sharply partisan speech about spending, Obama’s numbers have dropped to the mid and low 40s, according to different polls.

Gas prices are traveling in the opposite direction. The average national price of a gallon of gas on Wednesday was $3.83, according to AAA’s Daily Fuel Gauge Report. On April 4, when Obama announced his reelection effort, the average price was $3.69.

Read more from Sam Youngman at The Hill

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