Has Biden Sold Off More Oil Than Every Past President Combined?
Facts And Fact Checking,Oil,Joe Biden,Energy,Inflation
President Joe Biden is seeking to alleviate pain at the pump, but his plan to do so less than three weeks until the midterm elections has sparked criticism from Republicans.
The Biden administration announced this week its plans to release 15 million more barrels of oil to help reduce high gas prices that have plagued American consumers in recent months. Gas prices again shot up this month after the Organization of the Petroleum Exporting Countries (OPEC) announced plans to cut oil production earlier in October. According to AAA, gas prices across the United States averaged $3.803 per gallon on Saturday.
GOP critics accused Biden of releasing strategic oil, intended for use in a national emergency, to lower gas prices ahead of the midterms, when Republicans are expected to make gains in Congress. Economic issues including high gas prices and inflation are at the top of voters' minds, with polls finding that many voters are more confident in how Republicans will handle the economy. Biden has said the move was not politically motivated.
