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Tuesday, nov 5
Tag:
Strategic Petroleum Reserve
News
Biden Tapping US Petroleum Reserve To Relieve Pump Prices
US President Joe Biden will be tapping the country's petroleum reserves in an effort to save American drivers some cash. One million barrels of oil a day will be released for six months, totaling180 million barrels, from the Strategic Petroleum Reserve (SPR). The soaring gas prices are in part caused by the US ban on oil imports from Russia due to its Ukrainian invasion. The national average for a gallon of gas had fallen to $4.18 as of April 4. Gas price comparisonAAA “The upward push on oil prices caused by Russia’s war in Ukraine is meeting stronger downward pressure from the plann…
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