The Biden administration said Tuesday that it is releasing 1 million barrels of gasoline from a Northeast reserve established after Superstorm Sandy in a bid to
A motorist parks near fuel pumps at a service station Thursday, June 22, 2023, in Denver. The national average for gas prices stood at about $3.78 a gallon on Tuesday â about 25 cents higher than that seen one month ago, according to motor club AAA. lower prices at the pump this summer.
Gas prices average about $3.60 per gallon nationwide as of Tuesday, up 6 cents from a year ago, according to AAA. Tapping gasoline reserves is one of the few actions a president can take by himself to try to control inflation, an election year liability for the party in control of the White House.
Biden significantly drained the Strategic Petroleum Reserve in 2022 following Russia's invasion of Ukraine, dropping the stockpile to its lowest level since the 1980s. The election year move helped stabilize gasoline prices that had been rising in the wake of the war in Europe but drew complaints from Republicans that the Democratic president was playing politics with a reserve meant for national emergencies.
Gasoline Prices Reserve Northeast Energy Barrels Inflation
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Pres. Biden met by protesters, Israel supporters outside Bay Area fundraising eventsPresident Biden was met both by pro-Palestinian protesters and Israel supporters outside of Bay Area fundraising events on Friday.
Read more »
Pres. Biden and first lady head to Bay Area for campaign fundraisersThe president left Washington, D.C. on Air Force One and was set to arrive Thursday evening at Moffett Field in Mountain View then will travel to San Francisco
Read more »
Howard Stern: Pres. Biden Trashes Trump, Agrees to Debate (Sorry, NYT)You have to hand it to President Joseph Biden and the folks that he's been surrounding himself with heading into the 2024 election season. When it comes to social media messaging, Biden-Harris HQ does not mess around. It's no longer just about rapid response.
Read more »
Biden to visit New Hampshire, Boston on TuesdayPresident Biden will travel to New Hampshire on Tuesday to detail the impact of a law that helps veterans get key benefits as a result of burn pit or other toxic exposure during their service. He is also set to make a stop in Boston Tuesday afternoon to attend two campaign events.
Read more »
New Biden tariffs on China's EVs, solar, medical supplies reportedly due TuesdayHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Read more »
Trump tops Biden in April fundraising, but Biden keeps cash advantageDonald Trump narrowed President Biden’s fundraising advantage in April, raising more cash in collaboration with the Republican National Committee than his Democratic rivals.
Read more »