Republicans Warn Biden Against Tapping Oil Reserve as Gas Prices Rise
- White House has hinted they may be willing to tap SPR again
- GOP letter comes amid 15% rise in gasoline prices this year
Traffic on the Franklin D. Roosevelt East River Drive in New York.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
Top Republicans are warning the Biden administration against tapping into the nation’s strategic oil reserve to bring down gasoline prices with five months to go before the presidential election.
The message, sent in a letter Wednesday to Energy Secretary Jennifer Granholm, comes as Biden administration officials have hinted they may be willing to release oil from the Strategic Petroleum Reserve to tamp down gasoline prices amid forecasts for a spike this summer.