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Keyword: gasolinereserve
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US Considers Selling Northeast Gasoline Reserve in 2024 in Draft Bill
(Reuters) - The United States may sell its 1 million barrel Northeast gasoline reserve in fiscal year 2024, according to the draft text of a funding bill released on Sunday. The reserve, first established in 2014 after Superstorm Sandy left motorists in the northeastern United States without fuel, is located in New York Harbor, New York, Boston, Massachusetts and Portland, Maine. The proceeds from the sale of the refined products in the reserve would be deposited into the Treasury's general fund, according to the text of the bill, which is likely to pass this week. Once the Northeast Gasoline Supply...
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