President Joe Biden will order the release of up to 180 million barrels of oil from the nation's emergency reserves over the next six months in a bid to provide relief to Americans from high gas prices that have soared since Russia's invasion of Ukraine.
RELATED: Why gas prices change in the U.S.
The action, which Biden will formally announce later Thursday, will represent the largest release from the reserve in its nearly 50-year history.
Gas prices at the pump have soared by nearly $1 per gallon in the month since Russia's invasion of Ukraine. The war means less Russian oil is getting to the market, and the reduction in supply is raising prices at the pump.
Senior administration officials who briefed reporters ahead of Biden's announcement could not say how much the release of oil from the strategic reserves is expected to lower prices at the pump or how soon prices will start to fall.
» Subscribe to USA TODAY:
» Watch more on this and other topics from USA TODAY:
» USA TODAY delivers current local and national news, sports, entertainment, finance, technology, and more through award-winning journalism, photos, videos and VR.
This is so painful to watch someone who cannot even read anymore. At the 14:29 mark he said that “Biden” has announced he was going to release oil.
He’s so lost he doesn’t even know who he is !!!
This
ALL thanks too you dictator Biden
Remember cheap gas with Trump’s stable food prices secure borders
TRUMP 2024
Repent to Jesus Christ
“I waited patiently for the Lord; he turned to me and heard my cry. He lifted me out of the slimy pit, out of the mud and mire; he set my feet on a rock and gave me a firm place to stand.”
Psalms 40:1-2 NIV
M
Yeah right lol
This guy is so absolutely incompetent.
Just bring back Trump and get rid of the squatters in the WH.
Repent to Jesus Christ
“I waited patiently for the Lord; he turned to me and heard my cry. He lifted me out of the slimy pit, out of the mud and mire; he set my feet on a rock and gave me a firm place to stand.”
Psalms 40:1-2 NIV
J
Releasing oil from the reserve will lower the value of the US dollar. The us dollar is backed by the federal oil reserve.
Repent to Jesus Christ
“I waited patiently for the Lord; he turned to me and heard my cry. He lifted me out of the slimy pit, out of the mud and mire; he set my feet on a rock and gave me a firm place to stand.”
Psalms 40:1-2 NIV
M
“This man can’t remain in power.”
You Are Right And You Are Not The Only One Who Says That TRUMP 2024
Repent to Jesus Christ
“I waited patiently for the Lord; he turned to me and heard my cry. He lifted me out of the slimy pit, out of the mud and mire; he set my feet on a rock and gave me a firm place to stand.”
Psalms 40:1-2 NIV
K
@Get on the cross and don’t look back GOD BLESS THE USA AND THE AMERICANS
Hello 👋, how’re you doing, this is me my name is Mike., have a good day with your thoughts.!!! I don’t mind share my feelings with you!!!
You deserve happiness, joy, and blessing. I hope this new month offers you all that you deserve. From the bottom of my heart, I wish you the best (HAPPY NEW MONTH🌹⚘) an. May light shine upon your way, may all the force of the universe join hands to promote you in all you do , stay blessed for it’s a month to be blessed….. stay safe and be positive … have a blessed day ahead pretty.. replied to this back and wish me same as you can thanks for the reading 📚…
Things were much better for America and the rest of the world under Trump.
Invoque the 25th ammendment before this guy does more damages…
HES HAVING TROUBLE READING THE TELEPROMPTER OMFG
😂
Just allow us to drill more oil. This is just a virtue signal to improve tanking approval ratings. This is like 3% of our total supply.
Repent to Jesus Christ
“I waited patiently for the Lord; he turned to me and heard my cry. He lifted me out of the slimy pit, out of the mud and mire; he set my feet on a rock and gave me a firm place to stand.”
Psalms 40:1-2 NIV
1st time in history our 4 military branches cant get enough volunteers for recruitment. Even with the Army offering $50,000 sign on bonuses for infantry. lol. There is hope for humanity
Not as long as there’s people like you talking about things they don’t understand
Media to biden “this is our circus and you’re our clown” 🤡 🤡
dumb-o-crats: “the president has nothing to do with gas prices”
also dumb-o-crats: “thank you for doing all you can to lower gas prices mr president”
@2_Girls_1_Johnson so what?
@lordhelmit so what?
Serve God or serve money, it should be an easy choice choose wisely!
He called himself “Biden”. Gas could come down 10cents
If the government approved so many permits, why did they cancel that pipeline? Was it from Alaska? What’s the difference? Confusing.
If he can’t or will not admit that it’s his fault for the high gas prices, then he is not dealing in reality! Shutting down the Keystone pipeline was a massive mistake!
NO QUESTIONS ONCE AGAIN! WEAK AF
Can’t shut down what was never open.
Funny how just a week ago his sheep were saying he can do nothing to lower the gas prices.
Nobody said such a thing.
Except…. gas prices will go UP because of this.
It’s not Putin’s price hike, pal. We get less than 10% of our oil from Russia.
In no way shape or form would that impact our gas prices THAT much. But, can’t wait to see the 25% increase by July!