It’s Too Late for Biden to Help U.S. Drivers This Thanksgiving
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President Joe Biden is working hard to do something about the sky-high gasoline prices facing Americans. But it’s already too late to lower costs for travel over Thanksgiving.
All eyes in the oil market have been on Biden to see whether his administration will announce a release from the national Strategic Petroleum Reserve in a bid to keep energy costs under control. But even if those extra crude barrels hit the market today and sent futures down, it would likely be another seven to 10 days before that would fully show up at the pump for consumers, said Patrick DeHaan, head of petroleum analysis at GasBuddy.