Biden Releases 1 Million Barrels from Northeast Reserve to Lower Gas Prices
TL;DR Summary
President Biden has announced the release of one million barrels of gasoline from the Northeast Gasoline Supply Reserve to help lower gas prices ahead of the summer travel season and Memorial Day. Critics argue the impact will be minimal and accuse Biden of using the reserve for political gain. The reserve, created in 2014, has never been tapped before and is set to be sold off and closed following a congressional mandate.
Topics:business#biden-administration#gas-prices#gasoline-reserve#inflation#politicseconomy#summer-travel-season
- Fact Check Team: Biden taps into Northeast gasoline reserve in effort to lower gas prices WKRC TV Cincinnati
- Biden to release 1 million barrels of gasoline to reduce prices at the pump ahead of July 4 CNBC
- Biden releases gas to tame inflation ahead of summer The Washington Post
- US Puts Northeast Gasoline Supply Reserve Up for Sale Bloomberg
- Biden releasing 1 million barrels of gasoline from Northeast reserve in bid to lower prices at pump Detroit News
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