By Matt Egan, CNN BusinessA group of Democrats in Congress is calling on President Joe Biden to keep releasing oil from America’s emergency stockpile through at least the end of the year. In a letter obtained first by CNN, eight House Democrats urged Biden on Friday to immediately scrap his current plan to halt releases from the Strategic Petroleum Reserve next month. As recently as last week, an administration official told CNN the White House is not considering another round of emergency releases at this time. Yet the lawmakers note that even though gas prices have tumbled over the past two months, they remain above the level of a year ago. Beyond releasing oil, the lawmakers urged Biden to use $121 million in the SPR Fund to refill the emergency stockpile.

Source: CNN September 16, 2022 18:30 UTC