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The Biden White House looked at Biden’s gas prices and the sticker shock caused the cancellation of a scheduled refill of our Strategic Petroleum Reserve .
And because oil and gas are necessary to produce, transport, store, and sell almost every product in America, we have also been hit with crippling inflation. Fox adds, “The Department of Energy said that while it remains committed to refilling the SPR, it would pull back its most recent solicitation for oil amid increasing prices.”
“When DOE first announced the Bayou Choctaw refill plan last month, it said it would aim to purchase oil priced at $79 per barrel or below. Since then, oil prices have increased, with the U.S. benchmark hitting $85.71 earlier on Wednesday,” the article noted.
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