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.
#BidenAdministration #GasolineRelease #NortheastReserve #GasPrices #CompetitiveBiddingProcess #StrategicPetroleumReserve
https://www.voanews.com/a/biden-releasing-1-million-barrels-of-gasoline-from-northeast-reserve-in-bid-to-lower-prices-at-pump/7621242.html
Voice of America - VOA News /
npub1fn…9fzfc
2024-05-21 17:54:30
Author Public Key
npub1fn0gfyngcp8c9nap0y0fppuxxrvq76pyqckvk3vn3vagvp2lteks99fzfcPublished at
2024-05-21 17:54:30Event JSON
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"content": "Biden releasing 1 million barrels of gasoline from Northeast reserve in bid to lower prices at pump\n==========\n\nThe 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.\n\n#BidenAdministration #GasolineRelease #NortheastReserve #GasPrices #CompetitiveBiddingProcess #StrategicPetroleumReserve\n\nhttps://www.voanews.com/a/biden-releasing-1-million-barrels-of-gasoline-from-northeast-reserve-in-bid-to-lower-prices-at-pump/7621242.html",
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