The Biden Administration is considering tapping the Strategic Petroleum Reserve as a potential tool to bring down the gasoline prices Selling millions of barrels from the SPR may do precious little to impact the price of gasoline directly If the Administration were to opt for an SPR sale to increase the availability of crude, it could likely release up to 60 million barrels of crude oil The Biden Administration is considering tapping the Strategic Petroleum Reserve as a potential tool to bring down the gasoline prices in America that have hit a seven-year high this year. However, selling millions of barrels from the SPR may do precious little to impact the price of gasoline directly, traders and analysts say. A sale from the SPR could be one of “tools in the arsenal”—as U.S. President Joe Biden said this weekend – which the Administration could use to relieve the burden […]