20 million MORE barrels of oil from the Strategic Petroleum Reserve | Elections over Helping YOU

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20 million MORE barrels of oil from the Strategic Petroleum Reserve
#oil #gasprices #recession

Source:
https://www.foxbusiness.com/politics/white-house-announces-sale-additional-twenty-million-barrels-oil-strategic-petroleum-reserve

This makes the fifth such sale that President Biden has authorized. The White House continued to blame "disruptions posed by Russia’s invasion" for the high prices while claiming that the Biden administration's actions are making a tremendous difference.

"In fact, the Department of the Treasury estimates that as a result of these drawdowns both domestically and internationally, the price at the pump for Americans is up to about 40 cents per gallon lower than it otherwise would have been," the White House said in its announcement.

While gas prices are down significantly since a recent national average price of more than $5 per gallon in June, the average as of Tuesday was still $4.327, compared to $3.156 from one year ago, and approximately $2.39 when Biden first took office in January 2021.- FoxNews

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