Did Biden lower the Strategic Petroleum Reserve? Yes. Is that all he's done? No.
That constellation of factors sent gas prices to a record high last year — not a U.S. president alone, De Haan said.
The average price of a gallon of regular gas in North Carolina was $3.36 as of Jan. 25, according to AAA. That’s down from the highest recorded average — $4.67, set in June 2022.To address high gas prices, the Biden administration in March announced a directive to release an average of 1 million barrels of crude oil per day for six months.
"Looking towards the future, there are many incentives in legislation passed by Congress in the past year for low-carbon energy that does not rely on oil and gas, including electric vehicles and heat pumps," Daigle said."So, while the SPR [Strategic Petroleum Reserve] releases were maybe the most talked about response, there were many others."
the permission was granted in response to the decision by President Nicolas Maduro’s regime to negotiate with opposition groups. The move was expected to add supply to the global oil market and possibly ease fuel prices in the U.S.for the number of drilling permits granted on federal lands. Domestic oil production has risen over the past two years and is expected to set a record in 2023.Referring to the U.S.
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