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Gas Prices Decline Ahead of Memorial Day Weekend

Biden administration releases gasoline reserves to ease costs, but experts predict limited impact on national prices.

  • 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.
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