After months of constant criticism mainly by Republican politicians of adopting government policies that have triggered runaway inflation and skyrocketing fuel prices, President Biden in March announced an unprecedented release of 180 million barrels of crude oil from the Strategic Petroleum Reserve. It was only the third time that a presidentially-directed emergency release had occurred in the history of the SPR. U.S. national fuel prices peaked mid-June above $5 per gallon, well above $4 per gallon that many experts consider as the…
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