Joe Biden is bragging that his release of oil from the strategic oil reserve has driven down fuel prices across the country.
It may have had some effect, but what it really did was plunge the Strategic Petroleum Reserve (SPR) to the lowest level since 1985, The Daily Wire reports.
The reserve is currently at 469.9 million barrels of oil and has the capacity of 727 million barrels.
I’ve been releasing about 1 million barrels of oil a day from the Strategic Petroleum Reserve and rallied our global partners to release a combined 240 million barrels of oil onto the market.
Our actions are working, and prices are coming down. pic.twitter.com/5zrBPGvRJv
— President Biden (@POTUS) July 19, 2022
Christina Pushaw spokeswoman for Ron DeSantis (R-Fla) responded to the claim made by Biden:
Oh so now presidents control the price of gas? Last month it was beyond your control. By the way, everyone remembers what it cost before you became president. It's twice as expensive now. Food is also becoming extremely costly.
— Christina Pushaw 🐊 🇺🇸 (@ChristinaPushaw) July 19, 2022
Biden has tried to redefine inflation and downplay his ability to affect the gasoline markets while in office. The approach of the Biden administration to treat these crises like communications problems has not appeared to work. His approval rating for the first year and a half in office reached the lowest levels in history.
Steve Milloy a former Trump and Pence EPA transition member said that Biden’s depletion of the SPR is a danger to national security.
[READ NEXT: Biden Hit With Powerful Accusation]
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