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Why you can't count on another SPR oil release to cut gasoline prices at the pump

Por: MarketWatch Business October 18, 2022

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President Joe that he was authorizing the release from the SPR of 1 million barrels of oil per day for the next six months, for a total of more than 180 million barrels. That was described as the largest-ever release from the emergency oil reserve. Multiple White House officials said Biden could order an additional release as early as Wednesday, . That’s when about gasoline prices. “Transferring SPR crude oil from emergency reserves to... + full article



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