Per the Treasury, Biden's SPR releases resulted in $0.17-$0.42 in the price of gas.

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Per the Treasury, Biden's SPR releases resulted in $0.17-$0.42 in the price of gas.

Author: iairishcheeks (29374 Posts - Original UHND Member)

Posted at 12:21 am on Mar 10, 2026

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The SPR is at 415M barrels, about 58% full. Even on the high side, 42 cents a gallon, this does not seem like a wise choice.

Link: https://home.treasury.gov/news/press-releases/jy0887

Replies to: "Per the Treasury, Biden's SPR releases resulted in $0.17-$0.42 in the price of gas."

We should be dipping into the strategic petroluem reserve - Chris94 - 5:39pm 3/9/26 (19) [View All]
- Yes, let's deplete the SPR, so we don't have a reserve if we need it in a time of war. - NedoftheHill - 11:15pm 3/9/26
- Starting to wonder if Trump is engaged in market manipulation of oil prices and stock market?? - conorlarkin - 10:10pm 3/9/26
  - You think Putin told Trump to protect our Strategic Petroleum Reserve for a time of actual war? [NT] - NedoftheHill - 11:16pm 3/9/26
  - Another fine conspiracy theory. [NT] - iairishcheeks - 10:35pm 3/9/26
- “I am the peace president, no more wars, no wars while I am president!” - jimbasil - 9:12pm 3/9/26
- 3 days after gas prices went up? [NT] - iairishcheeks - 5:52pm 3/9/26
  - Absolutely. Oil from the reserve would not start arriving for two weeks at minimum. - Chris94 - 5:53pm 3/9/26
    - Gas is still cheaper than a year ago and 2 years ago. - iairishcheeks - 6:10pm 3/9/26
      - Gas is $3.59 in Central Florida. It was just $2.85 2 weeks ago. [NT] - Quest4twelve - 10:34pm 3/9/26
        Per the Treasury, Biden's SPR releases resulted in $0.17-$0.42 in the price of gas. [LINK] - iairishcheeks - 12:21am 3/10/26
- Not remotely necessary today... nor when Biden did it for purely political reasons. - Curly1918 - 5:49pm 3/9/26
  - The SPR was created for exactly this type of 'shock' to oil prices...and Biden handled it - TyroneIrish - 6:09pm 3/9/26
    - I'm not remotely shocked. I don't live in California. [NT] - Curly1918 - 6:13pm 3/9/26
      - That's too bad...I've never regretted the move...great environment, great opportunities and great - TyroneIrish - 7:51pm 3/9/26
  - Again, this is the kind of crisis the reserve is there for - Chris94 - 5:52pm 3/9/26
    - Economic health is a question of severity and duration. Only infants demand instant gratification. [NT] - Curly1918 - 6:18pm 3/9/26
      - Only Fools don't plan ahead and prepare for serious threats... [NT] - TyroneIrish - 7:58pm 3/9/26
        EVERYTHING is a crisis that only government can address - Curly1918 - 11:02pm 3/9/26
        Have you got a solid plan for keeping the Strait of Hormuz secure for tankers without loss of - TyroneIrish - 1:26am 3/10/26

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