In effort to lower prices, Biden admin releases 1M barrels of reserve gasoline

(The Hill) — The Biden administration is releasing about 1 million barrels of reserve gasoline supplies as part of an effort to bring down prices at the pump in the Northeastern U.S.

In a statement on the announcement, Energy Secretary Jennifer Granholm said Tuesday described the effort as “strategically releasing this reserve in between Memorial Day and July 4th.” 

This is being done to make sure “sufficient supply flows to the tri-state and northeast at a time hardworking Americans need it the most,” she said.