Current location:Starry Scope news portal > health
Biden to release 1 million barrels of gasoline in bid to lower prices at pump
Starry Scope news portal2024-05-22 10:18:19【health】4People have gathered around
IntroductionWASHINGTON (AP) — The Biden administration said Tuesday that it is releasing 1 million barrels of ga
WASHINGTON (AP) — 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 lower prices at the pump this summer.
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 $3.60 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.
Address of this article:http://nicaragua.unhasdecoradas.org/article-11d799236.html
Very good!(323)
Related articles
- Tennessee latest state to mandate automatic defibrillators at high schools
- Miranda Lambert, 40, looks loved
- Chinese youngsters embrace more diversified tourism options
- Man City stars and their WAGs hit the tiles in style after historic Premier League title win
- Congo names third American in a foiled coup plot as mourners gather in Utah to remember plot leader
- Map reveals how anti
- Bella Hadid displays her jaw
- PGA Championship at a glance
- Massey, Perez hit homers to lead Royals in 8
- China eases int'l travel to meet outbound tourism demand
Popular articles
Recommended
Seoul AI summit opens with companies including Google, Meta, OpenAI pledging to develop AI safely
Bruce Nordstrom, who helped grow family
American coastal town torn apart as emotions overflow in 400
Map reveals how anti
Kansas takes control in the ninth and beats Kansas State in the opener of the Big 12 Tournament
Condition of Slovakia's prime minister improves following an assassination attempt
Ben Affleck puts his wedding ring back on as he returns to Brentwood rental wearing the band
American coastal town torn apart as emotions overflow in 400
Links
- Russia launches a 'massive' missile and drone attack on Ukraine's energy facilities
- Eurovision 2024 semi
- House Republicans will turn to K
- Met Opera hosts 4 female conductors in landmark week
- Noting campus protests, Democrats are preparing for intense action at their summer convention
- Croatia ruling conservatives will form government with a far
- Pakistani security forces kill 6 militants in twin raids in volatile northwest near Afghanistan
- Katie Price 'has vowed to name and shame the celebrity who raped her in explosive new book'
- Panera will stop serving 'Charged Sips' drinks after wrongful death lawsuits
- Trial begins for ex