Overview

• Nearly 44 million Americans expected to travel this Memorial Day, the highest since 2005.
• The Biden administration is releasing 1 million barrels from the Northeast Gasoline Supply Reserve.
• Experts say the release will modestly reduce prices in the mid-Atlantic and Northeast regions.
• Current national average gas price is $3.61 per gallon, slightly higher than last year.
• The release follows a Congressional mandate to close the Northeast reserve.