Biden Administration Releases 1 Million Barrels of Gasoline to Lower Summer Prices

The move aims to ease pump prices ahead of peak travel season and the upcoming presidential election.

1 million barrels of gasoline will be sold from the Northeast Gasoline Supply Reserve.
The gasoline will be distributed in New Jersey and Maine, with deliveries expected by June 30.
The reserve was established after Superstorm Sandy and will be closed following this release.
National gas prices currently average $3.60 per gallon, a slight increase from last year.
The release is designed to provide relief during high-demand summer months and address inflation concerns.