Fuel price indices such as AAA or U.S. Energy Information Administration

Biden Announces Purchase of 3 Million Barrels for Strategic Petroleum Reserve

Jun 3, 2024, 07:13 PM

President Biden has announced the purchase of 3 million barrels of U.S.-produced crude oil for the Strategic Petroleum Reserve. The U.S. Department of Energy’s Office of Petroleum Reserves has awarded contracts for this acquisition. This move aims to stabilize fuel prices and enhance energy security.