Biden Administration Decision to Ease Gasoline Prices Ahead of Summer Driving Season
Tuesday, 21 May 2024, 18:58
Biden Administration's Response
Energy Secretary Jennifer Granholm announced the release of 1 million barrels of gasoline from the reserve to address soaring fuel prices.
Objective
Granholm stated that the move aims to lower costs for American families and consumers as the summer driving season approaches.
Significance
This decision is a proactive measure to ease the financial strain on drivers amidst increasing gasoline prices.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.