News

White House Announces Oil Reserve Release To Lower Gas Prices

Jamie Jackson
October 24, 2022

Reading Time: < 1 minute

Gas prices and inflation are top of mind for many Americans. We’re seeing that in multiple polls, especially as we head closer to midterm elections just weeks away.

The White House has confirmed that the Department of Energy has issued a Notice of Sale for 15 million barrels from the Strategic Petroleum Reserve to be delivered in December.

FILE – A Wall Street sign is shown in the Financial District, Wednesday, Oct. 13, 2021, in the Manhattan borough of New York. Wall Street is opening lower and oil prices are falling, Friday, March 31, 2022, as President Joe Biden prepares to order the release of up to 1 million barrels of oil per day from the nation’s strategic petroleum reserve. (AP Photo/John Minchillo, File)

The goal is to help lower high gas prices. President Biden is also asking companies to pass along lower energy costs to consumers right away.

Last week, AURN News issues a report about the tension now brewing between President Biden and Saudi Arabia. The Biden administration requested that the Saudi’s planned cuts to oil production be delayed until after the midterm elections. Now, attention and eyes will now be on the pumps to see how far and when gas prices will go down.

Click play to listen to the AURN News report from Jamie Jackson:

Jamie Jackson is an Emmy-nominated television and radio broadcaster who has served American Urban Radio Networks since 2015. He previously covered the Obama and Trump administrations as a White House Correspondent and Pool Reporter for AURN News. Jamie hosted a national PBS television special in 2023 and over the years has worked as a TV news anchor and local NPR host for stations across the country. His work has been honored by numerous organizations, including the NAACP and the Virginia Farm Bureau.