US and Allies to Release 60 Million Barrels of Oil

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Crude oil hit a 52 week high today.

Get ready for summer time gas prices.

More $$$$ for diesel truckers need to deliver products to retail stores = higher prices at the register.


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they released some out of the reserves around new year and it made like a 3 cent difference at the pump
 
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Usa has been importing oil importing and exporting oil for years. Some areas have to much oil get exported some don't have enough gets imported. 20.8 million barrels average a day usage, 18.6 million barrels a day refining capacity. Refineries 2/3 gasoline 1/3 for diesel, jet, chemicals and plastics.
https://www.wsj.com/articles/why-does-the-u-s-still-buy-russian-oil- 11646151935
Yeah, its not ideal, but I think if you gave people a choice, to save Ukraine and pay some higher energy prices for a bit, I'd hope they would do it. Things could go back to normal quite quickly, once Putin realizes his plan isn't going to work, or be worth the cost.
 
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