President Joe Biden announced Wednesday that he would authorize the sale of more oil from the country’s Strategic Petroleum Reserve as his administration scrambles to rein in high gas prices before the midterm elections.
Speaking at the White House, Biden said the Energy Department would sell the remaining 15 million barrels of the 180 million barrels that were authorized for sale in March — a move that he argued would help drive down the price of gas and give families a bit of “breathing room.”
“I have been doing everything in my power to reduce gas prices since Putin’s invasion of Ukraine caused these prices to spike and rattled international oil markets,” Biden said, referring to Russian President Vladimir Putin.
