President Biden ordered the release of 50 million barrels of oil from the nation's petroleum reserves in a bid to tamp down high fuel costs
Gas prices over $5 per gallon are displayed at a Shell station on Nov. 17 in Hercules, Calif.
"As we come out of an unprecedented global economic shutdown, oil supply has not kept up with demand, forcing working families and businesses to pay the price,” Energy Secretary Jennifer Granholm said in a press release. “This action underscores the President’s commitment to using the tools available to bring down costs for working families and to continue our economic recovery.”
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