President Biden had been releasing oil from the US Strategic Petroleum Reserve and guess what:
Reuters is reporting: Oil from U.S. reserves head overseas as gasoline prices stay high
Here’s the first paragraph:
“HOUSTON, July 5 (Reuters) – More than 5 million barrels of oil that were part of a historic U.S. emergency oil reserves release aimed at lowering domestic fuel prices were exported to Europe and Asia last month, according to data and sources, even as U.S. gasoline and diesel prices touched record highs.”
Just let that sink in. Oil from the US Strategic Petroleum Reserve is being shipped overseas, while American are struggling with soaring prices at the pump.
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