Latest Presidential Polls; Gallup Poll Shows Obama and Romney Tied at 48%

With Election Day fast approaching, Mitt Romney has lost his lead over President Barack Obama. 

According to the latest Gallup poll on Tuesday Oct. 30, Romney and Obama are tied with 48 percent of registered voter support.

President Obama gained support while Governor Romney has lost his previous lead.

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 48 percent support and Obama at 47.1 percent.

The campaigns for both sides have been impacted along with the eastern seaboard of the U.S. due to Hurricane Sandy which has become a super-storm. Over the weekend, President Obama canceled his upcoming appearances in order to monitor his administration's response to the storm.

President Obama on Tuesday declared a major disaster for New Jersey and New York as the storm's impact was worse than previously thought.  The president's declaration gives residents access to federal funds to help rebuild when the storm passes.

While the President and the Republican challenger have cancelled many of their upcoming appearance because of the storm, volunteers for both sides continue to campaign on their behalf.

Tommy Schulz, Romney's spokesperson in New Hampshire said volunteers are working hard during the storm.

"We have our people in our offices still phone banking," Schulz said adding that if phone lines go down that the volunteers will use their cell phones, according to ABC News

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