At a time when commodity prices around the world have been extremely volatile, President Joe Bidens Plan to use Strategic Petroleum Reserves (SPR) as a monetary tool begins to ease pain at the pump for the American consumer.
Following the 2022 mid-election cycle, the price of WTI crude rose from $92.61 a barrel on Nov. 4 to $78.47 a barrel as of Friday morning.
As of November 2022, the average annual price for WTI crude is around $97 per barrel, so…
