Biden to sell 1M barrels of gasoline to cut prices ahead of summer driving season
Investing.com -- The Biden administration is set to sell 1 million barrels of gasoline from strategic reserves held in the Northeast to lower gas prices ahead of the summer driving season.
The Department of Energy will sell close to 1 million barrels of gasoline that includes 900,000 barrels of oil from the Port Reading, NJ and 98,824 barrels from South Portland, ME. The move is"strategically timed and structured to maximize its impact on gasoline prices, helping to lower prices at the pump as Americans hit the road this summer," Granholm added.Scan QR code to install app
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