On Tuesday, the U.S. Department of Energy (DOE) announced that it would sell 1 million barrels of gasoline, equaling 42 million gallons, from the Strategic Petroleum Reserve (SPR) ahead of July 4. A DOE press release said the sale would largely impact "the states of Maine, New Hampshire, Vermont, Massachusetts, Connecticut, Rhode Island, New York, New Jersey, and Pennsylvania."
"The Biden-Harris Administration continues to take strategic action to lower prices for American consumers in every aspect of their lives—especially as summer driving season ramps up," said DOE Secretary Jennifer Granholm. "By releasing this reserve ahead of July 4th, we are ensuring sufficient supply flows to the Northeast at a time hardworking Americans need it the most."
