by Nicholas Beaudrot of Electoral Math
Readers may recall the observation, made at various times, that President Bush's job approval is very closely correlated with the price of gasoline. When the price goes up, Bush approval goes down, and vice versa, regardless of what's happening in the world. Only a few events—most notably Saddam's capture and Katrina—have had the power to alter this trend. So with Bush now dropping from the mid thirties to the low thirties and high twenties, it's worth noting that gas is up about ten cents a gallon over the past week or two, and close to it's all-time high from last summer.
