Description

Overview:

President Biden authorized the release of 180 million barrels of crude oil from the Strategic Petroleum Reserve to lower gasoline prices amid the Russia-Ukraine War. While previous releases had modest effects, the magnitude of this release is significant. Estimates suggest a reduction of $0.15 to $0.38 per gallon at the pump.

Subject:

Applied Science, Environmental Studies, Economics

Level:

High School, Community College / Lower Division, College / Upper Division

Material Type:

Case Study, Diagram/Illustration, Reading

Provider:

Boston University

Provider Set:

Boston University Institute for Global Sustainability

Date Added:

11/10/2022