On 10/18/2022, Bloomberg News reporter Jennifer Jacobs asked White House Press Secretary Karine Jean-Pierre why Joe Biden is announcing another release of oil before the midterms. She asked if this is merely a political ploy ahead the midterms to help Democrats hold on to the House and Senate. “Can you explain why…you mentioned that gas prices are going down again so why would the U.S. need another SPR release from that 180 million barrels that you already announced? Why would you need that now if [gas] prices are already dropping?” Jennifer Jacobs asked Jean-Pierre. Karine Jean-Pierre said Joe Biden is doing everything to address “Putin’s price hike.” Karine Jean-Pierre refuses to say exactly why the Biden administration is considering an additional massive release of oil from the Strategic Petroleum Reserve just weeks before an election.
The reporter followed up with: “Any response to those who would say or criticizing the White House saying it seems like a ploy ahead of the midterms?” Jean-Pierre replied, “Look…Should the president not do everything that he can to lower prices? Should he not continue to keep his promise to give American people breathing room?”
Karine Jean-Pierre said Biden will make the announcement tomorrow. She has teased that additional oil can be released from the U.S. strategic reserve. Politico reported, “The White House will release 10 million to 15 million barrels from the reserve as part of an existing plan, announced in March, to release 180 million barrels of crude oil into the market throughout the year, according to two industry people granted anonymity to discuss confidential discussions with the administration. There are about 15 million barrels remaining in the original release authorized by the White House.” Biden still faces political headwinds because of gas prices. AAA reports that gas is averaging $3.87 a gallon, up from a month ago when falling prices at the pump suggested that the president and his fellow Democrats were faring better in surveys.
Karine Jean-Pierre claims Biden “has made the economy his top priority.” With sky-high gas prices, historic inflation, supply chain disasters, and shrinking retirement accounts, Fox News Reporter Peter Doocy asked the result of his top priority, Bloomberg predicted 100% recession.
Karine Jean-Pierre says Biden will “have more to share” on what he will “continue to do to bring gas prices down.” The nationwide average for gas remains $1.48/gallon HIGHER than when Biden took office.
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Q: 100% chance recession? Release more oil as Midterms ‘Ploy’? WH: more reserve release even prices already decline