White House touts efforts to reduce gas prices ahead of July 4 travel blitz

The Biden administration announced on Tuesday the sale of 1 million barrels of gasoline, making its latest effort to reduce gas prices ahead of the Fourth of July travel blitz.

The Department of Energy's (DOE) Office of Petroleum Reserves will release the 1 million barrels -- about 42 million gallons of gasoline -- from a Northeast reserve to drive down prices at the pump before what's expected to be record-breaking travel for the July 4 holiday, the DOE said in a statement.