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>Biden To Release 1 Million Barrels Of Gasoline To Reduce Prices At The Pump Ahead Of July 4
>The Biden administration will release 1 million barrels of gasoline from reserves held in the Northeast to reduce prices at the pump ahead of the July 4 holiday.
>"By strategically releasing this reserve in between Memorial Day and July 4th, we are ensuring sufficient supply flows to the tri-state and northeast at a time hardworking Americans need it the most," Energy Secretary Jennifer Granholm said in a statement Tuesday.
>Retailers and terminals will receive the gasoline no later than June 30, according to a statement from the Department of Energy. The supply will be released in quantities of 100,000 barrels to ensure a competitive bidding process that maximizes the impact on prices at the pump, according to the DOE.
