Gas prices are a big factor for a lot of people when it comes to their finances. They need it for work, leisure and other travel, especially if you have a family.
However, it appears as though President Joe Biden’s regime have painted themselves into a corner, because the Strategic Petroleum Reserve that they depleted because they’ve been so anti-drilling has come to bite not just them, but our entire country in the behind.
Biden’s regime announced on Tuesday that they will NOT be refilling the reserves that they depleted, because they’re “keeping the taxpayer’s interest at the forefront,” according the Washington Free Beacon. Basically, the price of oil is currently too high for their liking to buy enough to replenish the reserves.
Remember, it was Biden that said back in 2022 that they were implementing a plan to refill the reserves "at a profit for taxpayers."
In 2022, Biden claimed he had "a plan to refill the Strategic Petroleum Reserve" after draining it to its lowest level in four decades.
— RNC Research (@RNCResearch) April 3, 2024
Today, they cancelled that plan because oil is too expensive. pic.twitter.com/Eo1M0eMEgS
I guess that's not happening.
Related: When, and Why, Will Oil Prices Change?
Folks, let’s get real. Haven’t you noticed that the price of gas has slowly crept back up, particularly in the last month? According to AAA, the national average has seen a 21-cent increase, from $3.352/gal. to $3.567/gal. over that period. And let’s not forget that because of the Biden regime’s policies towards the oil industry, the U.S. saw a record high national average reach its peak in June 2022, at $5.016/gal.
But, podcaster and commentator Tim Pool gave another reason as to why the Biden regime has decided not to refill the reserves.
“It’s actually quite simple, my friends,” Pool said in a Thursday segment he filmed for YouTube. “If Joe Biden to divert supply of petroleum back to our reserve, prices will go up. And if prices go up, he loses.”
It’s not clear Pool’s opinion is the reason for the Biden regime making the decision they made. I guess only time will tell. But with the reserves already depleted, Biden won’t have many more chances to stabilize prices that are already back on the rise.
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According to the Biden Administration, the ocean just isn’t gay enough, and they're looking to change that.https://t.co/YF4ECtsLaC
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