High gas prices are quickly becoming a political liability for President Joe Biden -- and like presidents before him, he has few options to bring them down.
That doesn't mean he won't take steps to demonstrate his attention to the issue. In fact, he could take action as soon as Tuesday, when a key government forecast on fuel prices is released. The one option consistently left on the table is tapping into US emergency crude reserves — a step even White House officials privately acknowledge wouldn't have much of an effect.
Nearly a dozen Senate Democrats called on Biden on Monday to fight high gas prices by considering a release of barrels from the nation's emergency oil stockpile, or even taking the more extreme step of banning oil exports.Aside from tapping the SPR, officials said another option — cutting or banning US oil exports altogether — was unlikely given the furor it would ignite both at home among producers and refiners and abroad among allies.
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