Presidential Polls 2012: Latest Gallup Shows Romney Leading 5 Percent Over Obama

With Election Day fast approaching, Mitt Romney remains in the lead over President Barack Obama. 

According to the latest Gallup poll on Monday Oct. 29, Romney has a five point lead with 51 percent of voter support compared to Obama with 46 percent. 

Gallup polled people likely to vote in the upcoming election and asked them which candidate they favored. The poll results also includes those who are undecided when asked whether they lean closer to Romney or Obama. The poll analyses the questions asked, along with voter intentions, their thoughts on the election and their previous voting behaviors.

Each seven-day rolling average is compiled from telephone interviews with approximately 2,700 likely voters and a margin of error around two percentage points. The latest poll numbers show a one percentage point drop in support for Romney since Saturday. The poll also showed President Obama's approval rating raised three points to 51 percent and his disapproval rating dropped four points to 44 percent.

According to the RealClearPolitics average of polls, Romney is at 47.6 percent support and Obama at 46.7 percent.

The campaigns for both sides are being impacted along with the eastern seaboard of the U.S. due to Hurricane Sandy. Over the weekend, President Obama canceled his upcoming appearances in order to monitor his administration's response to the storm.

Spokesman Jay Carney talked about the president's return to the White House in a statement saying, "Due to deteriorating weather in the Washington area, the President will no longer attend today's campaign event in Orlando."

Romney loaded relief supplies on his bus on Sunday while driving through Virginia, where he had to cancel a scheduled appearance. The Republican challenger will continue campaigning in other areas not as much affected by Hurricane Sandy, such as Avon Lake, Ohio, Davenport, Iowa and West Allis, Wis.