Now that Pols and incl Obama Biden and Trump have foolishly sold off 20% the US Strategic Petroleum Reserve SPR in order to prop up their pointless political selves and their debt spending of dollars stolen from you for things, including crony pockets, you neither want or need... "In November 2021, the White House announced the release of 50 million barrels (7,900,000 m3) to address high gasoline prices." "Congress has been selling the oil in the reserve to fund the deficit, in unpublicized sales." "According to legislation already in place, the amount of oil in the reserve could fall to as little as 410 million barrels by 2028." Roughly two to four months of cover left (and dropping) until world ends... https://www.spr.doe.gov/dir/dir.html https://en.wikipedia.org/wiki/Strategic_Petroleum_Reserve_(United_States) https://gasprices.aaa.com/ Expect the Biden Admin and Democrat Party to resort to yet more extreme theatrics stunts and measures to keep themselves and their sinking election prospects propped up. Gas Prices At Pump Highest Since 2013; Biden Losing War Against Inflation President Biden is about to have yet another major problem as the average price of gasoline surged to the highest level in seven years, according to new AAA fuel data. For this time of year, seasonal trends show prices are the highest since 2013. Despite Biden's attempt to squash surging fuel costs (as his war chest runs thin), AAA reported regular gasoline at the pump rose to $3.423 a gallon, a high most Americans haven't seen since September 2014. Factor in Biden's warmongering with Russia over Ukraine, the geopolitical risk premium rises and has lifted Brent prices "Having drawn a line in the sand at $80 crude and about $3.30 gasoline, $3.40-plus gasoline will raise the pressure" on Biden The problem for Biden now is that SPR stocks are at their lowest since Oct 2002... 588M. Retail gas prices at the pump for this time of year have only been higher in 2012 and 2013... and even then, it was only marginally higher. It's becoming a fact that Biden's ability to impact fuel prices is rapidly diminishing. OPEC+ has snubbed Biden's request to rapidly increase supply. And without being able to do anything about it (except maybe incentivize domestic production and blow the minds of his progressive wing), we suspect the crossover in the presidential approval chart below will continue to grow... The transition to a summer grade versus winter fuel grade will increase prices further, possibly exceeding $3.50 nationally in the coming months. Also, inflation is widespread as consumers are plagued with some of the highest food prices in a decade and could soon pay record-high prices by spring. Biden is losing the war on inflation as the growing discontent for this administration will force households to vote with their depleted pocketbooks during the midterms this fall.