Fuel Price Surge Poses Major Midterms Risk For Joe Biden And Democrats
The price of gasoline in the U.S. has reached around $3.20 a gallon amid rising demand as people return to work and normal life resumes following the COVID pandemic. Members of the Organization of the Petroleum Exporting Countries (OPEC) and their partners, known as OPEC+, this week chose not to substantially increase oil supply. The decision could further increase prices. Energy Secretary Jennifer Granholm told The Financial Times energy transition summit on Wednesday that President Joe Biden’s administration hadn’t ruled out tapping the nation’s emergency oil reserves, known as the Strategic Petroleum Reserve (SPR)....