Saturday, May 10, 2025

Hello Washington Times, hello, how did Biden's increased oil supply from the SPR to buy the 2022 elections lead to increased gasoline price at the very same time?

 I'm so confused.

Doesn't price drop on an increase in supply?

"Let's increase supply so prices rise so the voters vote for us and not them" makes absolutely zero sense.

... Mr. Biden sold off hundreds of millions of barrels of oil after Russia invaded Ukraine, causing already rising gas prices to spike even higher. ... 

The Biden administration sold off roughly 206 million barrels of oil from the SPR between 2021 and 2023. ...

Democrats fended off an anticipated red wave in the November 2022 midterms, keeping control of the Senate and barely losing House seats, although Mr. Biden’s party remained in the minority in the lower chamber. ...

More