US Government Sells 1 Million Barrels of Gasoline Ahead of Fourth of July Holiday

White House aims to curb gas prices during summer driving season.
US Government Sells 1 Million Barrels of Gasoline Ahead of Fourth of July Holiday
Gas prices at a gas station in Chicago on May 21, 2024. Scott Olson/Getty Images
Andrew Moran
Updated:
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The Biden administration completed the sale of 1 million barrels of gasoline from the Northeast Gasoline Supply Reserve, the White House said in a statement shared with The Epoch Times on July 2.

Last month, the government announced it would release 42 million gallons of gas from storage facilities in Maine and New Jersey to help lower pump prices heading into the typically busy summer driving season.
Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."