If President Biden has nightmares, he probably wakes up in the middle of the night terrified of gasoline prices.
Rising gas prices — up 50% during the last year to around $3.50 per gallon — compelled Biden to announce the release of 50 million barrels of oil from the U.S. national stockpile on Nov. 23. Before the announcement, crude oil futures traded at around $76 a barrel. After the Biden announcement, crude futures spiked to about $78 a barrel. Whoops.
Prices went up rather than down…
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