The Biden administration says it's releasing 1 million barrels of gasoline from a Northeast reserve established after Superstorm Sandy in a bid to lower prices at the pump this summer.
Some SJC residents want World Golf Village IMAX to remain open; others seek more options. Here are the survey results.Copyright 2024 The Associated Press. All rights reserved.
The sale, from storage sites in New Jersey and Maine, will be allocated in increments of 100,000 barrels at a time. The approach will create a competitive bidding process that ensures gasoline can flow into local retailers ahead of the July 4 holiday and sold at competitive prices, the Energy Department said. The move is intended to help “lower costs for American families and consumers,″ the department said in a statement.Gas prices average about $3.
White House Press Secretary Karine Jean-Pierre said release of gas from the Northeast reserve builds on actions by President Joe Biden, a Democrat, “to lower gas and energy costs — including historic releases from the Strategic Petroleum Reserve and the largest-ever investment in clean energy.″in 2022 following Russia’s invasion of Ukraine, dropping the stockpile to its lowest level since the 1980s.
Business Jennifer Granholm Washington News Environment
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Biden releasing 1 million barrels of gasoline from Northeast reserve in bid to lower prices at pumpThe Biden administration says it's releasing 1 million barrels of gasoline from a Northeast reserve established after Superstorm Sandy in a bid to lower prices at the pump this summer.
Read more »
‘Solar Superstorm’ Photos: See Last Weekend’s Aurora From SpaceI'm an award-winning journalist writing about the night sky and eclipses.
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 »
Trump tops Biden in April fundraising, but Biden keeps cash advantageThe Trump campaign and RNC reported that they jointly raised about $25 million more than the Biden campaign said it raised across all its committees in April.
Read more »
Biden team braces for upcoming trials of Hunter BidenPresident Biden’s son faces two federal cases in June involving a gun purchase and allegations of tax evasion.
Read more »
Biden Surrogate: Biden Debating Shows He’s Not Running ‘Morning in America Campaign’Source of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Read more »