Your current location:HOME >politics >Biden to release 1 million barrels of gasoline in bid to lower prices at pump 正文
TIME:2024-05-22 10:34:52 Source: Internet compilationEdit:politics
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.
Syrian first lady Asma Assad diagnosed with leukemia, president's office says2024-05-22 10:32
Interview: China to See Overall Stability in Employment in 2023: Minister2024-05-22 10:24
China Focus: China Holds National Commemoration for Nanjing Massacre Victims2024-05-22 10:22
China to Livestream Class from Space Station Lab Module2024-05-22 10:18
Pogacar extends Giro lead to over 7 minutes after winning altered Stage 16 amid protests at start2024-05-22 10:13
GLOBALink2024-05-22 10:05
China's Shenzhou2024-05-22 09:59
Major High2024-05-22 09:48
Tennessee latest state to mandate automatic defibrillators at high schools2024-05-22 08:30
China to Further Integrate Culture, Tourism2024-05-22 08:01
A Canadian serial killer who brought victims to a pig farm is hospitalized after a prison assault2024-05-22 10:13
Bamboo Industry Revitalizes Old Revolutionary Base2024-05-22 10:05
Press Center for 20th CPC National Congress Opens2024-05-22 10:00
Over 5,600 Exhibitors Attend China Hi2024-05-22 09:37
Proposed $2.77 billion settlement clears first step of NCAA approval with no change to finance plan2024-05-22 09:18
Tibet's Rural Residents Enjoy Improved Livelihood over Past Decade2024-05-22 09:02
Over 5,600 Exhibitors Attend China Hi2024-05-22 08:51
China Gears up for Graduate School Entrance Exam2024-05-22 08:41
Russia begins nuclear drills in an apparent warning to West over Ukraine2024-05-22 08:24
2022 China (Hainan) Int'l Tropical Agricultural Products Winter Trade Fair Kicks Off2024-05-22 08:01