Will Biden release of strategic reserve oil help consumers?

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  • Biden tries to blunt record gas prices with release of oil reserves.
  • One expert said White House should have released more reserves into the U.S. economy.
  • A major petroleum trade group said the move is “short term” fix.

President Joe Biden’s move to release up to 180 million barrels of oil from the nation’s emergency reserve is a step in the right direction to help lower record-high gas prices, petroleum experts said Thursday, but it’s likely not enough for consumers to see relief at the pump. 



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