Rising gas prices and ongoing bloodshed in Iraq continue to take their toll on President Bush, whose standing with the public has sunk to an all-time low, according to the latest Washington Post-ABC News poll.

The survey found Bush's job approval rating at 45 percent, down seven points since January and the lowest ever recorded for the president in Post-ABC surveys. Fifty-three percent disapproved of the job Bush is doing.

...What may have pushed Bush's overall ratings down in the latest poll is pervasive dissatisfaction over soaring gasoline prices. Two-thirds of those surveyed said gas prices are causing financial hardship to them or their families. Gas prices stand to go even higher after Hurricane Katrina's rampage through the oil-rich Gulf of Mexico.

More ominously for the president, six in 10 Americans said there are steps the administration could take to reduce gas prices. Slightly more than a third say the recent run-up has been due to factors beyond the administration's control.