Biden taps Strategic Petroleum Reserve more than any other president
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Instead of actually addressing the root causes of high gas prices, President Joe Biden is depleting the Strategic Petroleum Reserve (SPR). Compared to past Presidents in their first 32 months of office, Biden has tapped the SPR far more than any other president (see the chart below).
In the week that Biden took office, there were 638 million barrels of oil in the SPR. Last week, there were 351 million barrels, which is about 287 million fewer barrels since he took office. To put this in context, President Donald Trump released the second most amount of barrels (50 million) during that same period during his presidency.
