The Biden administration announced plans to release one million barrels of gasoline from the Northeast reserves.
A motorist fills up the tank of a vehicle at a Costco gasoline station on Thursday, Nov. 30, 2023, in Thornton, Colo. expects this average to sit around $3.70 from April through September, similar to the same period last year.
However, it's important to note that this decision follows a congressionalto sell the reserve and close it, as part of a spending deal approved in March to avoid a government shutdown.the U.S. used approximately 8.94 million barrels of gasoline per day in 2023 and releasing one million barrels amounts to only about 2.7 hours of total consumption. Patrick De Haan, an analyst for GasBuddy,.
Gas Prices Biden Administration Northeast Gasoline Supply Reserve Summer Travel Season EIA Memorial Day Inflation
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