BillHolter.com

Bill’s Commentary:

“Is this a very poor thought out policy …or just election interference buying votes? We have “reserves” for a reason, influencing price was probably not on the list when the reserves were first planned?”

Biden releasing 1 million barrels of gasoline from Northeast reserve in bid to lower prices at pump

WASHINGTON (AP) — The Biden administration said Tuesday 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.

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