Our new Marketplace Crash Course is here to help. Sign-up for free, learn at your own pace.
Biden authorized the release of crude from the Strategic Petroleum Reserve to boost supply and ease gas prices after Russia invaded Ukraine.
President Biden has released 50 million barrels of oil from strategic reserves, but oil production hasn't caught up to pre-pandemic levels.
Officials are considering releasing oil from the strategic reserve. They’re also pushing the FTC to investigate possible price gouging.