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By Regina M. Egea When the president made the monumental announcement that he’d be releasing 1 million barrels of oil a day from our strategic petroleum reserves until October, the American public was hopeful this would be one of the actions needed to drive down high energy costs at home. In New Jersey, we have seen our gas prices break record-highs this summer, as residents have been forced to struggle with sky-high energy prices and inflation. The Garden State desperately needs commonsense solutions that help lower the cost of living before our economic situation runs out of control. However…