Biden releasing 1 million barrels of gasoline from Northeast reserve in bid to lower prices at pump
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The Biden administration is releasing 1 million barrels of gasoline from a Northeast reserve established after Superstorm Sandy to lower prices at the pump. The sale will be allocated in increments of 100,000 barrels at a time, creating a competitive bidding process. Gas prices average about $3.60 per gallon nationwide. The release of gas from the Northeast reserve builds on previous actions by President Joe Biden to lower gas and energy costs. Biden significantly drained the Strategic Petroleum Reserve in 2022 following Russia's invasion of Ukraine. The move is intended to help lower costs for American families and consumers.

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https://www.voanews.com/a/biden-releasing-1-million-barrels-of-gasoline-from-northeast-reserve-in-bid-to-lower-prices-at-pump/7621242.html