Biden Releases 1 Million Barrels from Northeast Reserve to Lower Gas Prices
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.