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The nationwide average of gas prices topped $3.54 a gallon this week, according to AAA. In the past month, prices have gone up 20% — and prices are up 45% since Donald Trump left office.

According to Goldman Sachs, gas prices could reach $4 by May.

According to Fox Business, Biden has also failed to refill the Strategic Petroleum Reserve (SPR) after draining the emergency cache to artificially bring down gas prices early on in his presidency.

The Biden Administration announced plans to cancel resupplying the SPR this week. The reason: prices are too high.

From Fox Business:

The Department of Energy said that while it remains committed to refilling the SPR, it would pull back its most recent solicitation for oil amid increasing prices. On March 14, DOE’s Office of Petroleum Reserves announced the solicitation for three million barrels of oil to be delivered in August and September to its Bayou Choctaw site in Louisiana, one of four major SPR storage facilities.

“Keeping the taxpayer’s interest at the forefront, we will not award for the Bayou Choctaw SPR site in August and September, and will continue to solicit available capacity as market conditions allow,” a DOE spokesperson said. “As always, we monitor market dynamics to remain nimble and innovative in our successful replenishment approach to protect this critical national security asset.”

The spokesperson added that the administration has already taken steps to replenish the emergency reserve, the largest of its kind in the world, and deliver “a good deal for American taxpayers.”

More over at Fox Business: