BREAKING: America Out Of Oil
This is unheard of!
In a shocking new discovery, it has been learned that the United States Strategic Petroleum Reserve (SPR) has reached its lowest level since 1983 under President Biden. As a result of the SPR falling to this low level, gasoline prices are once again on the rise.
According to Fox, the Strategic Petroleum Reserve which is intended to be used for emergency reasons only, such as war, dropped to 375.1 million barrels last week. This makes it the lowest it has ever been since December 1983 and it’s getting lower.
As a result of the SPR hitting a new low thanks to President Biden, the cost of gasoline increased for the second consecutive day reaching a national average of $3.13 per gallon.
West Texas Intermediate index reported that a barrel of oil increased 1% to more than $80 per barrel.
In November 2021, President Biden ordered the release of more oil from the SPR in an attempt to lower gas prices and justified by saying it was a “major effort to moderate the price of oil” and to lower prices at gas stations. Later on President Biden released 30-million-barrels of oil more and then another 180-million-barrels after Russia invaded Ukraine.
Biden defended his decision to release oil and said, “Families are hurting. You’ve heard me say before, but I get it. I come from a family — if the price of gasoline went up at the gas station, we felt it. Gas prices hit almost every family in this country, and they squeeze their family budgets.”
