Actually they're releasing ONE million gallons in 100,000 gallon increments throughout this summer. They just opened up the first 100K for bid and none has yet been sold or effected oil prices as yet.They're releasing 45 million gallons to bring price down
This gas reserve was as a result of Hurricane Sandy and has set idle running up fees ever since until a mandate from Congress to sell off the 10-year-old Northeast reserve and then close it. The language was included in a spending deal Congress approved in March to avert a partial government shutdown.
https://www.foxbusiness.com/politic...barrels-gasoline-attempting-bring-prices-down
Sponsored