President Biden drawing from reserves to address oil, gas prices

A day after AAA reported the average price of gas nudged up to $3.42 per gallon in Massachusetts, President Biden announced plans to release 50 million barrels of oil from strategic reserves and reiterated his support for a probe into possible illegal activity in the oil and gas markets.

Under the new White House plans, the Department of Energy plans to eventually return to its Strategic Petroleum Reserve 32 million barrels that will be released over the next several months. Another 18 million barrels…


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