Biden Administration Releases Reserve Gasoline to Lower Prices

The Biden Administration announces the release of approximately one million barrels of reserve gasoline in an effort to lower prices at the pump, particularly in the Northeast, ahead of the Memorial Day and Fourth of July holidays. The gasoline will be drawn from storage sites located in New Jersey and Maine, with the goal of ensuring a sufficient supply for the tri-state region and the broader Northeast.

Energy Secretary Jennifer Granholm emphasizes the timing and importance of this action, noting that it comes at a moment when "hardworking Americans. . .