Republicans criticized the President’s decision to release fuel from the Strategic Petroleum Reserve throughout 2022. It ended up bringing the U.S. billions of dollars and aligned with lower gas prices.

ExxonMobil is one of several American oil companies reporting billions in profits in recent months while gas prices skyrocketed.

To notable economic impact, President Joe Biden has released millions of barrels of oil into the market and prioritized improvement of the supply chain.

The improvements in consumer outlook come along with other positive indicators about the overall health of the U.S. economy.