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.