Congress To Sell 1-Million-Barrel Emergency Gasoline Stock ...Middle East

Economy by : (OILPRICE) -
Congress is preparing to sell an emergency gasoline reserve that was set up in the wake of Hurricane Sandy as it has never been used and, because of that, the point of its existence has become questionable. Bloomberg recalls that the Northeast Gasoline Supply Reserve was set up in 2014 after Hurricane Sandy cut through refineries and fuel terminals, which resulted in fuel shortages in some parts of New York. Some fuel stations were left without gasoline for a whole month. In 2017, President Trump wrote that it “does not have the operational…

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