strategic oil reserve

In attempt to curb gas prices, Biden will release oil from emergency reserve

BY: - October 20, 2022

President Biden authorized the release of 15 million barrels of oil from the nation’s reserves Wednesday, part of an effort to lower gas prices as polling shows concerns over inflation are likely to hurt Democrats in congressional elections next month. The release from the Strategic Petroleum Reserve, a four-site complex of deep underground storage caverns […]