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The Biden administration is releasing gasoline reserves. Will it lower prices at the pump?

Friday, May 24 by ABC News

(WASHINGTON) -- The Biden administration announced this week that it is releasing 1 million barrels of gasoline from a Northeast reserve in an effort to reduce prices when drivers hit the road this summer.The gasoline will be sold in 100,000-barrel tranches over a six-week...

White House ‘disappointed’ with OPEC+ decision to cut oil production, will release more from US reserves

Wednesday, October 5 by ABC News

(WASHINGTON) -- The White House on Wednesday expressed disappointment following the announcement from OPEC+ that it would cut two million barrels per day from its production quotas beginning in November.The decision by the OPEC+ alliance, which includes Russia, is likely a response to oil...

Biden to release US oil reserves to control gas prices

Thursday, March 31 by ABC News

(WASHINGTON) -- Oil prices are dropping Thursday morning in response to news that President Joe Biden is moving forward with a plan to release roughly 1 million barrels of oil per day from the nation's strategic petroleum reserve over the next six months, the...

US and allies bar Russian Central Bank from accessing reserves worldwide

Monday, February 28 by ABC News

(WASHINGTON) -- The Biden administration on Monday emphasized the drastic nature of economic sanctions levied again Russia over the weekend in which the U.S. and allies targeted Russia's Central Bank, preventing the Kremlin from accessing any of its more than $600 billion in reserves...

Biden to announce that US will tap into strategic oil reserves, official says

Tuesday, November 23 by ABC News

(WASHINGTON) -- U.S. President Joe Biden is expected to announce Tuesday that the country will tap into strategic oil reserves to help offset a surge in gasoline prices, a senior administration official told ABC News.The move will be formally announced by the White House...

Stories tagged with: reserves

The Biden administration is releasing gasoline reserves. Will it lower prices at the pump?

White House ‘disappointed’ with OPEC+ decision to cut oil production, will release more from US reserves

Biden to release US oil reserves to control gas prices

US and allies bar Russian Central Bank from accessing reserves worldwide

Biden to announce that US will tap into strategic oil reserves, official says

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