The Biden administration is considering a release of diesel fuel from federal reserves to address skyrocketing prices and the threat of supply outages on the East Coast
President Biden said that he plans to release as much as 180 million barrels of oil from the U.S. Strategic Petroleum Reserve over the next six months to help tamp down near-record high fuel prices. Photo: Patrick Semansky/Associated PressWASHINGTON—.
Officials have drafted an emergency declaration as prices have soared to record highs in recent weeks, White House spokeswoman Emilie Simons said on Twitter on Monday. Such a declaration would allow for the quick release of some of the 1 million barrels of diesel in the Northeast Home Heating Oil Reserve “if necessary,” she said.
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