 Energy & Environment |
Energy & Environment |
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Biden releases reserve gasoline in Northeast |
The Biden administration is releasing about 1 million barrels of reserve gasoline supplies, framing the move as part of an effort to bring down prices at the pump. |
© AP Photo/David Zalubowski |
In a statement on the announcement, Energy Secretary Jennifer Granholm on Tuesday described the effort as "strategically releasing this reserve in between Memorial Day and July 4th." This is being done to make sure "sufficient supply flows to the tri-state and northeast at a time hardworking Americans need it the most," she said. "The Biden-Harris Administration is laser focused on lowering prices at the pump for American families, especially as drivers hit the road for summer driving season," Granholm added. Typically, gasoline prices rise in the summer as Americans hit the roads amid warm weather and summer vacations. Gasoline prices are often controlled by cyclical and global factors, while presidents have limited impacts. Nevertheless, the prices are often the subject of political scrutiny, especially in an election year. Congress mandated the sale of the gasoline in the Northeast reserve as part of a bill to keep the government open earlier this year. Once the barrels are sold, the legislation directs the administration to close the reserve, which was created after Superstorm Sandy. Read more in a full report at TheHill.com. |
Welcome to The Hill's Energy & Environment newsletter, I'm Rachel Frazin — keeping you up to speed on the policies impacting everything from oil and gas to new supply chains. |
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How policy will affect the energy and environment sectors now and in the future: |
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The White House announced Tuesday that more than 1 million claims have been granted through the PACT Act, a landmark law passed in 2022 that gave veterans expanded access to apply for compensation and relief related to toxic exposures during service. |
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House Republicans’ new farm bill proposal is drawing opposition from a coalition of left- and right-wing groups that agree on little else. |
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Broad majorities of voters aren't happy with Trump's apparent offer of a quid pro quo to oil companies, a poll from an advocacy group has found. |
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Branch out with a different read on The Hill: |
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Pope Francis remarked that climate change is "a road to death" and has gotten to a "point of no return" during an interview aired Monday evening. |
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Upcoming news themes and events we're watching: |
The Senate Health, Education Labor and Pensions will hold a hearing on mining health and safety practices
The Senate Budget Committee will hold a hearing on water scarcity and climate change The House Natural Resources Committee will hold a hearing on the budget for the United States Geological Survey and the Office of Surface Mining Reclamation and Enforcement
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News we've flagged from other outlets touching on energy issues, the environment and other topics: |
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Two key stories on The Hill right now: |
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Additional classified records were discovered in former President Trump's Mar-a-Lago bedroom after the FBI search of his Florida estate, court records filed Tuesday reveal. Read more |
| Rep. Jasmine Crockett could soon claim ownership of the jab she hurled at Rep. Marjorie Taylor Greene (R-Ga.) in an epic clash during a House Oversight and Accountability Committee hearing last week, with the Texas Democrat's campaign filing a trademark application for the phrase. Read more |
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You're all caught up. See you tomorrow! |
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