On Friday's broadcast of CNBC's "Squawk Box," co-hosts Becky Quick and Joe Kernen reacted to news that the Biden administration wants to try to refill the Strategic Petroleum Reserve (SPR) at a price of $79 a barrel or less by noting that there was a time when the SPR could have been refilled at a lower price, but we didn't and the reserve is low because it was drained "to help stem an inconvenient price rise for an administration."