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Biden expands effort to lower gas prices and secure energy independence

Biden expands effort to lower gas prices and secure energy independence

Depleting emergency oil reserves spurs criticism that the White House is trying to lower gas prices with midterm election politics in mind.
U.S. to release millions more barrels of oil to contain gas prices

U.S. to release millions more barrels of oil to contain gas prices

The Department of Energy will release 15 million more barrels from the Strategic Petroleum Reserve and plans additional releases this winter.
Gas prices force Biden into an unlikely embrace of fossil fuels

Gas prices force Biden into an unlikely embrace of fossil fuels

President Biden has had to walk a careful tightrope on energy and climate change in the weeks since U.S. sanctions on Russian oil and gas sent energy prices soaring.
Biden will tap oil reserve, hoping to push gasoline prices down

Biden will tap oil reserve, hoping to push gasoline prices down

The administration said the president would announce a plan to release reserves of crude daily for six months.
Soaring oil prices prompt response from International Energy Agency

Soaring oil prices prompt response from International Energy Agency

The announcement was aimed to assure markets that there would be “no shortfall” as a result of Russia’s invasion of Ukraine, but oil prices kept rising, closing above $100 a barrel.
White House weighs release of more oil from strategic reserve

White House weighs release of more oil from strategic reserve

America’s emergency stockpile was tapped in November, seemingly to little effect.
With gas prices high, calls grow to tap strategic oil reserve

With gas prices high, calls grow to tap strategic oil reserve

President Biden is under pressure to release oil from the Strategic Petroleum Reserve. Here’s how it works, and how it might lower prices (modestly, and maybe not for long).
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