One million barrels of gasoline released from Northeast reserve by Biden admin.

The Biden administration has announced the release of 1 million barrels of gasoline from a Northeast reserve in a bid to ease fuel prices for motorists during the summer driving season. The Energy Department said the sale was timed to provide relief as the summer driving season begins. Congress had earlier mandated that the reserve, which was created in the aftermath of Superstorm Sandy, be shut down, prompting the sale.

May 21, 2024
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