The Federal Governement is dusting off an old idea of tapping the nation’s strategic oil reserves to help curb the price at the pump. The folks at the White House say they will wait and see what prices do after Labor Day. If they fall dramatically after the offical end of summer, then they will likely keep things the way they are. If they don’t or if they continue to go up, watch for them to release several thousand gallons of crude on the open market. In recent weeks, Brent crude has climbed to as high as 120 a barrel.
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