President Biden is planning the largest-ever release from its emergency oil stash as the U.S. reels from a surge in gasoline prices.
The president announced on Thursday a plan to draw 1 million barrels of oil per day for the next sixth months from the country’s Strategic Petroleum Reserve (SPR) – for a total of up to 180 million barrels.
The move comes after Russia’s invasion of Ukraine had sent crude prices surging, leading to sharply higher gas prices.
Read this story now for free
To continue reading, sign up for our newsletter and get unlimited access to WABE.org
You can select your preferences for news and local content. We will never share your email address. Learn how your newsletter sign-up will support WABE and Public Media
