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Dustin Jones

Biden is releasing 15 million barrels from the strategic oil reserve to tame prices

Joe Biden Department of Energy White House Oil United States SPR Strategic Petroleum Reserve
President Joe Biden announced Wednesday that he is authorizing the release of an additional 15 million barrels of oil from the Strategic Petroleum Reserve. (Evan Vucci/AP)

President Biden announced Wednesday that he is authorizing the release of 15 million barrels from the Strategic Petroleum Reserve, a draw that completes the plan announced earlier this year to release a total of 180 million barrels.

Biden said the 15 million barrels will be released sometime in December, which should help keep gas prices at bay, he said.

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