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U.S. to release 1 million barrels of oil per day from reserves to help cut gas prices

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U.S. President Joe Biden announces new actions against Russia for its war in Ukraine, during remarks in the Roosevelt Room at the White House in Washington, U.S., March 8, 2022.
Kevin Lemarque | Reuters

The White House on Thursday announced that the U.S. will release 1 million barrels of oil per day from strategic reserves to help cut gas prices and fight inflation across the country.

A fact sheet released by the Biden administration showed that the president plans to tap the nation’s Strategic Petroleum Reserve for the next six months as domestic producers ramp up production.

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