SPR
A new initiative in the Republican-led U.S. House would simultaneously add more bureaucratic approval before any president could tap into the Strategic Petroleum Reserve while increasing drilling on public lands to offset prices. The Strategic Production Response Act, H.R. 21, limits releases of the national reserve to severe interruptions of energy supply that require the…
The national average has fallen nearly $2 per gallon since reaching over $5 in June; 25 states now with average prices under $3, the lowest average since summer 2021. GasBuddy says, “Those heading out on the road for the holidays will receive the gift they’ve been waiting for all year: lower gas prices.” Holiday prices…
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