Your current location:HOME >sport >Biden to release 1 million barrels of gasoline in bid to lower prices at pump 正文
TIME:2024-05-22 10:32:55 Source: Internet compilationEdit:sport
WASHINGTON (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.
Germany far2024-05-22 10:30
A British tourist is in a hospital after a shark attack. Tobago closes several beaches2024-05-22 10:29
US Silica agrees to go private in $1.85 billion acquisition by Apollo Global2024-05-22 10:08
Charges revealed against a former Trump aide and 4 lawyers in Arizona fake electors case2024-05-22 09:55
What to expect in the California 20th District special election2024-05-22 09:44
USC gives Lindsay Gottlieb a contract extension following deepest NCAA Tournament run in 30 years2024-05-22 09:06
Chasing ‘Twisters’ and collaborating with ‘tornado fanatic’ Steven Spielberg2024-05-22 09:04
Moment runaway Cavalry horses crash through parked e2024-05-22 08:47
Kentucky congressman expects no voter fallout for his role in attempt to oust House speaker2024-05-22 08:17
Windows 11 users Start Menu will soon have ADVERTS2024-05-22 08:15
Trump says he is open to restrictions on contraception before backing away from the statement2024-05-22 10:31
MLB presence in Mexico goes beyond just hosting another regular2024-05-22 10:22
US probes whether Tesla Autopilot recall did enough to make sure drivers pay attention2024-05-22 10:02
REVEALED: George Soros is PAYING left2024-05-22 09:52
Closing prices for crude oil, gold and other commodities2024-05-22 09:39
Elite female bodyguards reveal the fascinating secrets of protecting A2024-05-22 09:24
Sergei Bobrovsky makes 26 saves, Panthers beat Lightning 52024-05-22 09:22
Chicago appeals court rejects R. Kelly 's challenge of 202024-05-22 08:27
Thailand welcomes the return of trafficked antiquities from New York's Metropolitan Museum2024-05-22 07:54
Commerce Department announces new restrictions on U.S. firearms exports2024-05-22 07:54