Sucked dry: Rising gas costs force change
Rising U.S. gasoline prices have damaged confidence in the country’s future and forced Americans to change their spending habits and lifestyles, a Reuters/Ipsos poll released yesterday found.
More than six of every 10 Americans have cut back on expenses and reduced their driving as a result of the rising gas prices.
The increase in energy costs has also hurt Obama’s approval rating, which dipped for the second consecutive month to 46 percent — his lowest Ipsos poll rating since early December 2010.
“That’s all a function of gas prices,” said pollster Cliff Young. “People are feeling the pinch at the pump.”
The poll, conducted Thursday through Sunday, was largely taken after Friday night’s 11th-hour deal with Republicans on spending cuts for the remainder of the 2011 fiscal year averted a government shutdown.