Current location:style >>
Biden to release 1 million barrels of gasoline in bid to lower prices at pump
style295People 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.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Stellar Space news portal”。http://iceland.downmusic.org/news-77e799180.html
Related articles
Microsoft's AI chatbot will remember everything you do on a PC
styleREDMOND, Wash. (AP) — Microsoft wants laptop users to get so comfortable with its artificial intelli ...
【style】
Read moreQingming travel bookings boom
styleThe approaching Tomb Sweeping Day Festival, a period of ancestor worship, has become a popular touri ...
【style】
Read moreRed sea crisis highlights vital role of China
styleInterest in cross-border services increases due to concerns over shipping delays, costsFreight forwa ...
【style】
Read more
Popular articles
- New Zealand Black Caps fans look to Twenty20 World Cup with hope, trepidation
- Comicomment
- An area of exceptional taste
- An area of exceptional taste
- Congo names third American in a foiled coup plot as mourners gather in Utah to remember plot leader
- Xiconomics: China's Green Development Philosophy Is Contributing to Global Sustainable Growth
Latest articles
Poland arrests sabotage suspects and warns of potential hostile acts by Russia
Xi Sends Congratulatory Letter to Forum on China
Xi Stresses Cultural Advancement in Letter to Forum
The young and old in Suzhou enjoyed the Double Ninth Festival together in autumn outings
Progressive prosecutor in Portland, Oregon, seeks to fend off tough
Going against laws of free trade market is like building a dam of sieves: Chinese FM spokesperson
LINKS
- Ryan Weathers strikes out a career
- Panthers beat Maple Leafs 5
- Mbappé scores twice as PSG beats Barcelona to reach Champions League semis
- Trump to meet with Polish president Duda as NATO leaders call for additional support for Ukraine
- Queen Letizia of Spain is elegant in an off
- Baseball legend Whitey Herzog
- Panthers beat Maple Leafs 5
- Governor's pandemic rules for bars violated North Carolina Constitution, appeals court says
- Selma Blair looks chic in cropped knit sweater and low
- NPR suspends editor who criticized his employer for what he calls an unquestioned liberal worldview