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US could release more SPR oil to keep gas prices low, senior White House adviser says
U.S. President Joe Biden will do what he can to ensure affordable gasoline prices, White House senior adviser John Podesta said at an industry conference on Tuesday, when asked about future releases of crude oil from the Strategic Petroleum Reserve (SPR). The Biden administration in 2022 sold 180 million barrels of oil in about six months from the reserve, the largest ever SPR sale, in an attempt to lower gasoline prices after Russia invaded Ukraine. Republicans slammed the sale, which helped push levels in the reserve to the lowest in about 40 years. “The president did it (release oil from SPR) before… and I ... (full story)