Biden

President Joe Biden delivers remarks on the October jobs report from the State Dining Room of the White House on Friday, Nov. 5, 2021, in Washington.

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(The Center Square) – President Joe Biden's plan to release 50 million barrels of oil from the Strategic Petroleum Reserve is no solution to rising gas prices and lower supplies, those in the industry and Republican critics argue.

The U.S. Department of Energy will release 50 million barrels of oil from the reserve to lower gas and fuel prices to “address the mismatch between demand exiting the pandemic and supply,” the White House said in a Tuesday morning statement.

This article originally ran on thecentersquare.com.

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