...here you go on the SPR issue...btw, This is precisely why the SPR was created...i.e. to deal with unstable Oil/Gasoline market prices. No hypocrisy on my part...and certainly none on JB's either.
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AI Overview
Multiple sources indicate that the Biden administration has, on average, refilled a portion of the Strategic Petroleum Reserve (SPR) at a lower price than the average price at which oil was sold from the reserve in 2022.
Here's a breakdown
Average Sale Price: The SPR oil released in 2022 (around the time of Russia's invasion of Ukraine) was sold at an average price of $95 per barrel.
Average Purchase Price: The Biden administration has since purchased a significant amount of oil to replenish the reserve, with an average purchase price of about $76 per barrel.
Profit/Benefit: This difference represents a "profit" or savings for the American taxpayer, as the oil was purchased at a lower price than it was sold for. According to Oklahoma Energy Today, this resulted in a $66 million profit on a specific 3 million barrel purchase.
In essence, the administration successfully navigated market fluctuations, selling oil when prices were high and buying it back at a lower average price, providing a financial benefit to the US government and helping to stabilize gasoline prices during a period of market volatility, according to analysis by the US Treasury Department.
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As for myself owning an EV...for your information, my wife and I are on a Reserve list for the Purchase of a new model Rivian to be introduced in 2026...once we get a test drive, we'll decide...we've recently test driven Rivian's current model...obviously liked it.