Gas Prices Slam Mobility -- and Obama's Popularity Too

VIDEO: Rep. Earl Blumenauer D-Ore., says, "We will raise the debt ceiling."

The price of gasoline is damaging not just Americans' finances and mobility -- but the public's broader economic sentiment, and with it, Barack Obama's re-election prospects.

With gas up 26 percent this year to an average $3.88 a gallon, seven in 10 Americans in this ABC News/Washington Post poll report financial hardship as a result, six in 10 say they've cut back on driving -- and, among those hardest hit, Obama's ratings are suffering.

This poll, produced for ABC News by Langer Research Associates, finds the president's job approval rating 13 points lower among people who say the price of gas is causing them hardship. Forty-three percent of them approve of the president, vs. 56 percent of those who report no hardship. And among the four in 10 feeling "serious" hardship, just 39 percent approve of Obama's work in office.

Click here for full results and the questionnaire.

In re-election terms, 53 percent of those who are feeling serious hardship as a result of gas prices say they definitely will not vote for Obama in 2012 -- 14 points more than say so among those who are feeling either less-than-serious hardship, or none at all.

Political support usually rests heavily on economic performance, and there the sharply rising price of gas is taking its expected toll. Economic pessimism -- the number of Americans who say the economy is getting worse -- has doubled this year to 44 percent, and it rises to 54 percent, among those who report serious financial hardship from gas prices.

It's not unusual for a president to take the heat when gas prices rise: George W. Bush's job approval rating correlated with the price of gasoline across his two terms at minus-.84, a very strong relationship. Obama's approval rating has correlated with the price of gas at minus-.71.

Given these results, political positioning is in full swing. Obama has initiated an examination of possible gas-price manipulation; he also conceded at a fundraiser Thursday that the rise in gas prices has hurt his popularity. House Republicans have called for hearings and legislation to highlight the run-up in fuel costs.

Approval of Democrats in Congress shows an effect similar to Obama's, though less starkly -- it's 9 points lower among those who report serious financial hardship as a result of gas prices compared with those who report no hardship.

But, notably, Republican leaders' approval ratings do not show such an effect: Approval of the Republicans in Congress overall is an identical 34 percent among people who report hardship as a result of gas prices and among those who report no hardship.

House Speaker John Boehner, R-Ohio, has 42 percent and 45 percent approval, respectively, in these groups. That leaves more of the damage for the president, and perhaps by extension, his party.

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