US President Joe Biden’s approval rating has plummeted to 36 percent as more and more Americans show dissatisfaction with him due to high inflation and rising gas prices in the country, according to a new poll.
The Reuters-Ipsos survey, published on Wednesday, found that 36 percent of respondents said they approve of the job he is doing as president, matching its lowest level last seen in late May.
Pollsters noted Biden’s approval rating has been below 50 percent since August.
The report said the low approval rating is a warning sign that Biden’s Democratic Party could lose control of the US Congress in the November 8 midterm elections.
Biden, who has cautioned Americans that high prices and inflation could last "for a while", has been “strongly” rejected by the same disillusioned Americans who have become weary of the incumbent's incompetency in job performance. Thirty-four percent of Americans say the economy is the most important issue currently facing the United States.
US consumer inflation hit a 40-year high of 8.6 percent in the 12 months through May, with gasoline marking a record high and the cost of food soaring, Labor Department data showed.
The surging costs have become a political headache for the Biden administration, which has tried several measures to lower prices but said much of the responsibility to control inflation falls to the Federal Reserve.
Seventy-three percent of Democrats surveyed in the new poll said they approve of the job Biden is doing as president, dipping 12 percentage points from August. In August, 85% of Democrats approved of Biden's performance.
Biden’s approval rating among Republicans, meanwhile, is also slipping. Only 7 percent of Republican respondents currently approve of the Biden is doing, down from the 11 percent of Republican respondents who approved earlier this month.
Only 18 percent of Americans think the country is headed in the right direction under Biden’s presidency.
Biden's approval rating is approaching the lowest levels seen by his predecessor, Donald Trump, who had a 33 percent approval rating in December 2017.
In the meantime, the Biden administration has been making efforts to both bring down the gas prices while continuously pinning blame on Russia.
Biden and his administration are concerned that the unharnessed high inflation in the United States, exacerbated by the rising fuel prices across the country, could lead to the defeat of the Democrats in this fall’s midterm elections.
In an interview with The Associated Press last week, Biden said that he believes a recession is “not inevitable.”
“First of all, it’s not inevitable,” Biden said in the interview. “Secondly, we’re in a stronger position than any nation in the world to overcome this inflation.”