t sunset, hundreds of oil well, rigs and pumpers work off the busy Highway 46 in the oil fields of the San Joaquin Valley by the town of Lost Hills west of Bakersfield, California.

Lowering gas prices: President Biden releases 180M barrels of oil from strategic reserve

One ASU economist calls it a good start, but a temporary fix.

In this story aired March 31, 2022, on Fox 10 Phoenix:

That’s gonna be a drop in the bucket for the global supply. Therefore, I would expect we’re looking at something on the range of a few cents at best.


Lee McPheters, research professor of economics and the director of the JPMorgan Chase Economic Outlook Center

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