Will Biden’s plan to tap US oil reserves reduce gasoline prices?

  by John BIERS Agence France Presse Citing the need to counteract the “Putin price hike” following Russia’s invasion of Ukraine, President Biden has announced a sweeping plan to make unprecedented use of US emergency oil stockpiles. Under Biden’s plan, the United States will release up to a million barrels a day every day for six months from its Strategic Petroleum Reserve (SPR). On Friday, the International Energy Agency announced that a group of 30 […]