Congressman Joe Donnelly has sent a letter to President Barack Obama urging him to open the Strategic Petroleum Reserve in order to reduce the price of gasoline. He stated that opening the reserve has proven to reduce gas prices.
Last year, President Obama allowed the release of 30 million barrels of oil from the reserve and that action reduced the gas prices six percent.
Donnelly also asked President Obama to take other actions that would lower gas prices such as curb oil speculation and expand exploration and drilling for oil in the United States.
Donnelly stated in his letter that with high unemployment, the high spikes in gas prices are hurting families and businesses even more than in normal economic times.
