Biden Administration Still Debating Moves To Lower Gasoline Prices

The Biden Administration is still not decided whether the U.S. should act now to try to reduce the highest gasoline prices in America in seven years or to wait for the market to run its course, Bloomberg reported on Friday, quoting sources with knowledge of the ongoing debates. President Joe Biden is considering a release from the SPR as a possible move to reduce gasoline prices after OPEC+ ignored calls for putting extra barrels on the market, Secretary Granholm told Bloomberg last week. “Hopefully there will be an announcement…