by Post Editorial Board at NY Post
Team Biden’s energy nonsense never stops. The latest: a bizarre claim that Americans are saving money — $120 a month, or $420 million in total since summer — at the pump.
Yes, gas prices are down from their scorching-hot $5.01-per-gallon June peak to a still-painful $3.85. But, by all accounts, the main reason for the drop was that Americans reduced their driving in response to the sticker shock.
And that $3.85 is still 62% higher than when Biden took office. So there have been no savings at all.
Nearly as pathetic is Biden’s new drawdown of our Strategic Petroleum Reserve: 15 million barrels, enough to cover a puny seven-and-a-half days of reduced OPEC output.
And this will draw the reserve down to near 40-year lows. Cross your fingers it’s not needed for its actual purpose, namely in case of military emergency…
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