Release..

 

President Joe Biden announced the release of 15 million barrels of oil from the U.S. strategic reserve Wednesday, and more drawdowns are possible this winter, as his administration rushes to be seen as pulling out all the stops ahead of next month's midterm elections.

It completes the release of 180 million barrels authorized by Biden in March that was initially supposed to occur over six months. That has sent the strategic reserve to its lowest level since 1984. The reserve now contains roughly 400 million barrels of oil.

The national average pump price for a gallon of gas maintained its recent surge, rising seven cents over the past week to hit $3.79. Tight supply and increased demand as more drivers fuel up are the main culprits.

The administration is just doing things they know will not work, while ignoring the proper procedure to reduce prices. Just a thought.