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What is the strategic oil reserve, and can it lower gas prices?

Por: Portland Press Herald World October 19, 2022

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On Wednesday, President Biden announced another release of oil from the Strategic Petroleum Reserve. The White House released a huge amount of oil this spring, aiming to temper gas prices that had been driven up, in part, by Russia’s invasion of Ukraine and the U.S. ban on Russian oil. Though gas prices have fallen from their summer highs, they have risen in some parts of the country. But some analysts say the real benefit of these oil... + full article



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