Home
 
Choose Your City
Change City

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.

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.

 
Consider AlsoFurther Articles