Retired SMU Economist Says Plan To Release Extra 1 Million Barrels Of Oil Per Day Won't Have Huge Impact On Gas Prices

Dallas TX

01 April, 2022

6:59 AM

Description

CBS Dallas/Fort Worth April 1, 2022 To try and drive down gas prices, President Biden announced a plan to release roughly one million barrels of oil per day from the nation's strategic petroleum reserve for the next six months. Jade Walters said at first the rising prices at the pump weren't too much of a strain, but now the middle school science teacher said they are starting to hurt. "The salaries don't match the increase of everything so I think that's one of the biggest worries that people have about gas prices," she said. "If your income is only so much then you can only spend so much on things that are necessary." CBS Local Digital Media personalizes the global reach of CBS-owned and operated television and radio stations with a local perspective.