The Bat on the Shoulder

Biden's position now I would imagine is likely to refill the SPR rather than continue to drain it. So they probably said, OK, let's tighten the screws on them a little bit and see if he'll come to the market for this. They still see that they want to stabilize the market. And if they believe if they buy into this into the story of a recession and maybe a little bit of less fuel demand or something like that, then they have room and reason to get the next cut on the tape.