Biden Administration to Release 1 Million Barrels of Gasoline from Northeast Reserve Ahead of July 4 Holiday

Noah Silverbrook

Updated Wednesday, May 22, 2024 at 6:43 AM CDT

Biden Administration to Release 1 Million Barrels of Gasoline from Northeast Reserve Ahead of July 4 Holiday

The Biden administration is set to release 1 million barrels of gasoline from a Northeast reserve established after Superstorm Sandy by former President Barack Obama. The gasoline will be released from storage sites in New Jersey and Maine in increments of 100,000 barrels, with the intent to lower prices at the pump ahead of the July 4 holiday. This move follows a congressional mandate included in a spending deal approved in March to avert a partial government shutdown. Energy Secretary Jennifer Granholm stated that the release ensures sufficient supply to the tri-state and Northeast regions when Americans need it the most. The sale of 1 million barrels, equating to about 42 million gallons of gasoline, is mandated to be completed by June 30. Gasoline prices currently average about $3.60 per gallon nationwide, a 6-cent increase from last year. While the strategic release aims to stabilize prices, analysts like Patrick De Haan of GasBuddy suggest it will have minimal impact on national gasoline prices. The move comes after President Biden significantly drained the Strategic Petroleum Reserve in 2022 following Russia's invasion of Ukraine, which dropped the stockpile to its lowest level since the 1980s. The Biden administration has since begun refilling the reserve, which held over 367 million barrels of crude oil as of last week. Despite the release, a 2022 Government Accountability Office report indicated the gasoline reserve would provide minimal relief during a severe shortage, costing approximately $19 million annually to maintain. Meanwhile, political strategist James Carville has expressed concerns over President Biden's ability to replicate his 2020 coalition in the upcoming 2024 elections. Carville, speaking on MSNBC, highlighted issues among young, non-white voters, particularly younger Blacks and Latinos, and criticized the Democratic Party's focus on "wokeness." He suggested Biden should focus on substantive issues like abortion, high drug costs, and the minimum wage to regain support. Carville also advised Biden to let others handle attacks on former President Trump, who attended his hush money trial in Manhattan on May 21, 2024. Recent polls, including one from The New York Times, show Trump leading Biden among registered voters in key swing states, prompting Carville to call for a reassessment of the Democratic Party's strategies.

Conservative Bias:

Well, here we go again, folks! The Biden administration, in its infinite wisdom, is about to release 1 million barrels of gasoline from the Northeast reserve just ahead of the July 4 holiday. This is the same reserve set up by liberal hero Barack Obama after Superstorm Sandy. The Democrats are trying to play Santa Claus, handing out gasoline like candy to lower prices at the pump. But let's be honest, this is nothing more than a band-aid solution to a problem they created themselves with their disastrous energy policies. Remember, Biden drained the Strategic Petroleum Reserve to its lowest level since the 1980s after Russia's invasion of Ukraine. Now, they want to act like they're saving the day. Energy Secretary Jennifer Granholm claims this will ensure sufficient supply, but experts like Patrick De Haan of GasBuddy say it will barely make a dent in national prices. Meanwhile, it costs taxpayers $19 million annually to maintain this reserve. And let's not forget political strategist James Carville's whining about Biden's chances in 2024. Even he knows the Democrats are in trouble, especially with their obsession over "wokeness" instead of real issues. This is just another example of liberal incompetence and their never-ending quest to buy votes with our money.

Liberal Bias:

Here we go again with the Republicans trying to distort reality! The Biden administration is making a responsible move by releasing 1 million barrels of gasoline from the Northeast reserve to help Americans during the July 4 holiday. This reserve, wisely established by President Obama after Superstorm Sandy, is there to protect us during emergencies. But of course, the GOP is already whining. Let's not forget, the reason we even need this release is because of the chaos created by the previous administration's poor handling of energy policies and the global repercussions of Russia's invasion of Ukraine. Energy Secretary Jennifer Granholm is ensuring that Americans have enough supply when they need it most, but Republicans like Patrick De Haan of GasBuddy are downplaying its impact to score political points. And speaking of political points, James Carville is right to criticize the Democratic Party's focus on "wokeness" instead of pressing issues like abortion, high drug costs, and the minimum wage. But let's be clear, the real problem is the GOP's obstructionism and their constant attacks on President Biden. They'd rather see the country suffer than support measures that help everyday Americans. This is just another example of Republican sabotage and their relentless quest to undermine any progress made by Democrats.

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