Biden comes up with another ‘winning’ idea.
On Tuesday, his administration announced it’s tapping into the Northeast gasoline reserve.
He wants to release 1 million barrels in a bid to cool down summer gas prices.
The plan?
Use 100,000 barrels at a time from storage sites in New Jersey and Maine.
This will make sure it arrives to pumps in time for the 4th of July holiday.
It should cause compeitive pricing, which will then make everyone happy and we will all laugh our way to the local firework display, waving ‘Vote for Biden’ flags. (Do they even make Biden flags?)
He’s delusional if he thinks that’s going to happen.
Biden has DOOMED America.
He has spent the last FOUR years DRAINING our Strategic Petroleum Reserve with the promise to refill it.
Today, he canceled the refill plan because oil is too expensive. He is leaving America EMPTY. pic.twitter.com/tu5dN1UjuC
— Chad Prather (@WatchChad) April 3, 2024
Biden releasing 1 million more barrels of oil from reserve to trick the public and keep gas low for election. WTF https://t.co/5IyXlg3sn9
— Tril2224 (@Tril2224) May 21, 2024
ABC News reports:
WASHINGTON — The Biden administration said Tuesday it is releasing 1 million barrels of gasoline from a Northeast reserve established after Superstorm Sandy in a bid to lower prices at the pump this summer.
The sale, from storage sites in New Jersey and Maine, will be allocated in increments of 100,000 barrels at a time. The approach will create a competitive bidding process that ensures gasoline can flow into local retailers ahead of the July 4 holiday and sold at competitive prices, the Energy Department said.
The move, which the department said is intended to help “lower costs for American families and consumers,″ follows a mandate from Congress to sell off the 10-year-old Northeast reserve and then close it. The language was included in a spending deal Congress approved in March to avert a partial government shutdown.
The Energy Department said the sale of 1 million barrels, about 42 million gallons, was timed to provide relief for motorists as the summer driving season begins.
Gasoline prices average about $3.60 per gallon nationwide, up 6 cents from a year ago, according to AAA. Tapping gasoline reserves is one of the few actions a president can take by himself to try to control inflation, an election year liability for the party in control of the White House.
“The Biden-Harris administration is laser-focused on lowering prices at the pump for American families, especially as drivers hit the road for summer driving season,” Energy Secretary Jennifer Granholm said in a statement. “By strategically releasing this reserve in between Memorial Day and July 4th, we are ensuring sufficient supply flows to the tri-state and Northeast at a time hardworking Americans need it the most.”
Joe Biden is a disaster
BREAKING: President Biden is releasing 1 million barrels of gasoline from a Northeast reserve in a bid to lower prices at the pump 🛢️⛽️
He drained the U.S. Strategic Petroleum Reserve to its lowest level in 40 years cancels plans to refill it because oil… pic.twitter.com/FjXWv5Ns1R
— Joni Job (@jj_talking) May 21, 2024
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