The Biden administration says it's releasing 1 million barrels of gasoline from a Northeast reserve established after Superstorm Sandy in a bid to lower prices at the pump this summer
I always feel bad for Presidents when they do this. It has zero effect on the supply at a high level or the cost at the pump. The reason they do it is so the news covers the Administration doing something and people see that coverage. The fact of the matter is that the President cannot meaningfully act in a manner that lowers the price of gas to consumers.
Didn’t he do this before and gas companies just kept gouging anyway?
I always feel bad for Presidents when they do this. It has zero effect on the supply at a high level or the cost at the pump. The reason they do it is so the news covers the Administration doing something and people see that coverage. The fact of the matter is that the President cannot meaningfully act in a manner that lowers the price of gas to consumers.