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White House sets its sights on true energy independence

One could make the case that the plan President Biden announced today to put one million additional barrels, from the nation’s Strategic Petroleum Reserve (SPR), on average—every day—for the next six months does not come as a huge surprise. And there is no reason for it to be surprising, given the significant run-up in gas and oil prices since the beginning of the Russia-Ukraine conflict, with freight transportation and supply chain stakeholders, as well as consumers, feeling tremendous pain at the pump. Case in point: this week marked the third straight week the average price per gallon of diesel topped the $5 per gallon mark, for the first time eve

source https://www.supplychain247.com/article/white_house_sets_its_sights_on_true_energy_independence

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