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: Biden looks set to tap oil reserves, as he reacts to rises in gasoline prices and blames Putin

President Joe Biden looks poised to announce more releases from the U.S. Strategic Petroleum Reserve on Thursday, as his administration makes an effort to address rises for gasoline prices and pin those increases on Russian President Vladimir Putin’s invasion of Ukraine.

Biden is slated to speak at 1:30 p.m. Eastern about his administration’s “actions to reduce the impact of Putin’s price hike on energy prices and lower gas prices at the pump for American families,” the White House said in a statement.


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