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The White House to Sell 1 Million Barrels of Gasoline. What It Means for Your Wallet.

The White House to Sell 1 Million Barrels of Gasoline. What It Means for Your Wallet.

The Biden Administration is selling gas reserves ahead of July 4 in part to improve prices at the pump this summer. The 1 million barrels of gasoline stored in Maine and New Jersey are dwarfed by the nearly 350 million barrels of crude oil stored in the U.S. Strategic Petroleum Reserves. The Biden administration plans to sell nearly 1 million barrels of gasoline just in time for the summer driving season.