The Biden administration is mulling a plan to release millions of barrels of oil each day for a period of time from U.S. reserves amid high gasoline prices, according to a report.
Trucking Association of New York President Kendra Hems argues smaller carriers, which she says account for 91% of fleets across the country, are feeling the 'pinch' the most.is mulling a plan to release around a million barrels of oil each day for several months from U.S. reserves amid high gasoline prices, according to a report.
The plan, as reported by Bloomberg News, is an effort to relieve some inflation associated with rising gasoline prices and combat other supply shortages that partly stem from Russia's invasion of Ukraine.A White House official did not deny the report but refused to confirm it.
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