Biden to release 1 mln barrels of oil a day to ease pump prices

Posted on AllSides March 31st, 2022
From The Center
energy, Joe Biden, oil reserves
REUTERS/Kevin Lamarque

President Joe Biden on Thursday will announce the release of 1 million barrels of oil a day for the next six months from the U.S. Strategic Petroleum Reserve to try to bring down gasoline prices, the White House said.

Biden's aim is to try to bring down gasoline prices that have soared in recent months particularly after Russia's invasion of Ukraine.

Biden is to make the announcement at 1:30 p.m. EDT (1730 GMT) event at the White House.

"After consultation with allies and partners, the president will announce the largest...

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Reuters

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https://www.reuters.com/business/energy/biden-release-1-mln-barrels-oil-day-ease-pump-prices-2022-03-31/

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