Rising fuel prices are political poison, the Biden administration has been looking for ways to tame them.
Urging OPEC to increase output. Now this via US politics site Politico:
- The White House has been consulting with the oil industry to seek a remedy for rising gasoline prices as surging inflation threatens to tarnish the economic recovery, according to three people familiar with the discussions.
- Energy Secretary Jennifer Granholm said last week that the administration was considering releasing oil from the Strategic Petroleum Reserve, a move that is usually reserved for supply disruptions.
