Come and get your free government cheese!
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Posted on 05/21/2024 10:42:19 AM PDT by BradtotheBone
WASHINGTON (AP) — The Biden administration said Tuesday that it is releasing 1 million barrels of gasoline from a Northeast reserve established after Superstorm Sandy in a bid to lower prices at the pump this summer.
The sale, from storage sites in New Jersey and Maine, will be allocated in increments of 100,000 barrels at a time. The approach will create a competitive bidding process that ensures gasoline can flow into local retailers ahead of the July 4 holiday and sold at competitive prices, the Energy Department said. The move is intended to help “lower costs for American families and consumers,″ the department said in a statement.
Gas prices average about $3.60 per gallon nationwide as of Tuesday, up 6 cents from a year ago, according to AAA. Tapping gasoline reserves is one of the few actions a president can take by himself to try to control inflation, an election year liability for the party in control of the White House.
“The Biden-Harris administration is laser-focused on lowering prices at the pump for American families, especially as drivers hit the road for summer driving season,″ Energy Secretary Jennifer Granholm said in the statement. “By strategically releasing this reserve in between Memorial Day and July 4th, we are ensuring sufficient supply flows to the tri-state (area) and Northeast at a time hardworking Americans need it the most.”
White House Press Secretary Karine Jean-Pierre said release of gas from the Northeast reserve builds on actions by President Joe Biden, a Democrat, “to lower gas and energy costs — including historic releases from the Strategic Petroleum Reserve and the largest-ever investment in clean energy.″
(Excerpt) Read more at yahoo.com ...
We consume 20 million barrels a day. He thinks 5% of one day is going to do a thing? Idiots!
It’s like handing out a little heroin at a tent city. Pathetic.
corrupt political hack trying to buy more votes by giving away more of our national assets
and draining our Strategic Petroleum Reserve is particularly pernicious ... we very well will need those assets and quite possibly very soon, too...what with Biden’s phuquing up the middle east peace he inherited
And doesn’t address the fundamental problem - so prices aren’t going anywhere.
Do we have a “grocery reserve” he can plunder while he ‘s at it?
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There used to be a Velveeta cheese reserve.
You beat me to it. We paid for these reserves for times of emergency, and the liberals see Biden going down in flames as an emerghency...as well they should.
Your boy is going down faster than his vice president went down. There’s really no stopping it now.
The US consumes about 8 1/2 million barrels of gasoline a day.
this also provides easy cash for their stupid ideas. liquidation of an asset
And, despite his promises, he never refilled the reserves after he drained them a couple years ago.
Remember when they wouldn’t let Trump top off the reserves because it would be too expensive?
Strategic grain reserve
It takes a special kind of stupid to be in the Biden administration. The effect will have worn off by November.
Come and get your free government cheese!
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Gasoline according to CNBC. MSN link to CNBC article:
Shipping it right to China ?LOL
Want to lower price of gas?
1 - first restrict how much tax can be put on gas (federal, state and city)
2 - begin drilling for more oil.
3 - Allow more refineries to be built.
4 - Allow pipe lines from oil source to the refineries.
Supply and demand will bring prices down.
Good thing Trump filled those reserves with $20/bbl oil.
Biden and the democrats will just NOT tolerate ANY of that in any way, shape or form!
“laser-focussed on the election,” she meant.
Let the oil companies have at it. Biden doubled the US take on oil drilling...reverse it!!
Big whoop. A day’s US fuel use.
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