WASHINGTON—High gasoline prices are the problem that President Joe Biden keeps trying to fix—and roughly a year’s worth of extraordinary efforts have done little to significantly lower costs.
With Biden’s latest push Wednesday to release 15 million barrels from the U.S. strategic reserve and consider additional withdrawals this winter, he’s telling frustrated voters ahead of the midterm elections that the White House hasn’t given up.
He rejected the notion that politics played a role in his latest action. But the issue has clear political implications as the president’s approval rating has moved inversely with changes in gasoline prices, which remain high despite coming down since a June peak….