Two cents a gallon reduction for two weeks.
Its all about sagging polls.
That will decrease gas prices in time for the election. And, it will leave us with no reserve in time of emergency. The idiot dem voters will fall for it.
Was this another executive order done in the darkness of the night by Obama?
Our price here in NE Indiana is currently thirty cents off the recent high.
The strategic reserve will be tapped at the very moment the Obama administration thinks gas prices would have gone down anyway.
They’ll want it to look like it was their decision that made gas cheaper, even though they will only be doing it once they think gas prices have peaked and would have come down on their own.
Bookmark for next week.
To be followed by dumping of some oil reserves by Britain and other allies. Then there's the deal with the Saudis to up production shortly before the election. 0bummer must remove the high gas price issue, even though he accepts no responsibility for it.
The price of oil will not go down.
Doesn’t anyone believe that OPEC has already factored this release into the supply allotment?
Having suffered through a 20 minute idiotic answer from Biden, on the radio with Hewitt (and analyzed by Mark Steyn in derisive laughter), the “tapping” of the strategic reserve will do
NOTHING to oil/gas prices. We are awash in crude. The problem is the dollarization of gasoline. And Obama is directly responsible for that, along with his pals in the Federal Reserve.
We are EXPORTING gasoline. Are Freepers aware of this? The market reduction in domestic gasoline demand should have reduced the price/gal a long time ago. And you may recall GWBush saying we have no new refineries— which is true. Only it hasn’t because the excess capacity is being exported, and the price rise and high plateau maintained. We’ve already reached the tipping point price. People out of work cannot drive to look for new work— at certain economic levels.
But, for the stupid people, obama will “release” the extra oil for a poll bump. And it will not work, one or two cents for a week and a half.
Better to ask obama’s industrial pals who are ALL in China, and the new poorly paid coolie labor is buying their first car— a GM car no doubt. That is the root of the “demand” and we here at home are propping it up.
Did your source ever give you a reason his/her information was wrong?
Another new thread started on a simlar claim: