Biden To Release 1 Million Barrels Of Oil Per Day To Reduce Gas Prices

President Biden is taking an unprecedented step to help bring gas prices under control.

  • On Thursday, Biden announced a plan to release 1 million barrels of oil per day from the national reserve, over the next six months.
  • Biden blamed the rise in oil prices on Russia's invasion of Ukraine, and said releasing a total of 180 million barrels would act as a 'wartime bridge' to ramp up production.
  • Do you think this plan will have an impact on prices? What else can the White House do to help?

Photo Credit: Getty Images


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