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For months, the Biden administration has vowed to use every tool at its disposal to curb rising energy prices that are contributing to inflation across the country, but there aren’t many tools available to the White House.

There are “no immediate plans” to tap into emergency reserves or limit energy exports outside the United States, the Energy Department told CNBC. Those are two market levers the executive branch could pull.

Administration officials have suggested privately that a release from the strategic petroleum reserve would have a negligible impact, and curtailing exports would risk angering allies and violating long-term business contracts.

The post Few options to combat surging gas prices as inflation concerns grow… appeared first on Populist Press 2021 ©.