Why Selling Strategic Petroleum Reserve Is a Wise Idea

The Iran war has pushed oil prices higher over the past several months. From around $60 per barrel in early February, it reached a peak of $113 per barrel in April, before settling down to just under $80. This sent the cost of gasoline at the pump to above $5 per gallon in some areas. It also impacted the cost of goods and services, pushing inflation to its highest level since April 2023. Read Full Article »