All hail your sith lord: Volatile energy markets have made 2022 a big year for commodity traders. One of the biggest and perhaps most unlikely winners: The U.S. government. Emergency releases from the U.S. Strategic Petroleum Reserve are slated to end this month, concluding an unusual attempt to lower gas prices after Russia’s invasion of Ukraine sent oil prices soaring.
I think about this every time I fill up.Gas was 2.40 a few days ago when I filled up,it was around 5.00 when Biden started releasing from the reserves.Sell at 5,buy at 2.40,not bad.I'm still not voting for him though.
The SPR is not about gasoline, it is about WTI oil. And WTI makes much more than gasoline for your car when refined. You know that paint-thinner you have in your garage? Where you think that came from? It didn't come from the tooth-fairy.
I am aware but it is also about gasoline and thats the reason Biden released the oil,he didn't release it for paint-thinner .I was just pointing out I think about how it is win for Biden selling high and buying low every time I go the the gas station and see lower gas prices after all the republican criticism when he started to release the oil thank you very much