Past US oil stockpile releases cut gasoline prices

Newswire

By Tom Doggett WASHINGTON, May 25 (Reuters) - The Bush administration's policy of not releasing crude oil from the nation's emergency stockpile to lower gasoline prices may deny consumers some relief at the pump based on two past government decisions to tap the reserve. With the national retail price for gasoline topping $2 a gallon and much higher in many parts of the country, the Bush administration is under pressure to dip into the 660 million barrel Strategic Petroleum Reserve (SPR). ...

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