The Biden administration is releasing one-million barrels of gasoline from a Northeast reserve in a bid to lower prices at the pump. Energy Department officials say the gasoline will be strategically released between the Memorial Day and Fourth of July holidays in order to help “lower costs for American families and consumers.” The move follows […]
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Biden admin releases 1 million barrels of gasoline to lower prices
The Biden administration is releasing one-million barrels of gasoline from a Northeast reserve in a bid to lower prices at the pump. Energy Department officials say the gasoline will be strategically released between the Memorial Day and Fourth of July holidays in order to help “lower costs for American families and consumers.” The move follows a mandate from Congress to sell off the 10-year-old Northeast reserve and then close it. According to Triple-A, gasoline prices are average about 3-60 per gallon nationwide, up 6 cents from a year ago.