Biden to release 1 million barrels of gas from storage as drivers face pain at pump

Published May 21, 2024 4:33pm ET



The Biden administration announced Tuesday that it would release a total of 1 million barrels of gasoline from storage sites in the Northeast, touting a move officials said would help lower gas prices for consumers ahead of the summer driving season.

But the average consumption of gasoline in the United States is 8 million barrels a day, according to the Energy Information Administration, meaning the Energy Department’s efforts would only amount to three hours’ worth of additional fuel for the country.

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