Axios
How the Strategic Petroleum Reserve works
President Biden on Thursday ordered a historic release from the Strategic Petroleum Reserve in an effort to curb gas prices.Driving the news: Biden is ordering the release an average of 1 million barrels per day for the next six months, which senior administration officials say will “shore up global supplies.” Get market news worthy of your time with Axios Markets. Subscribe for free.”The bottom line is if we want lower gas prices we need to have more oil supply right now,” Biden said. Biden’s r