Biden administration estimates SPR releases prevented 40-cent gas hike ...Middle East

The Hill - News

Strategic Petroleum Reserve (SPR) releases in response to Russia’s invasion of Ukraine prevented a further gas price increase of up to 40 cents a gallon, according to estimates released by Treasury Department officials on a call with reporters Tuesday. The releases, which began in March as the Russian invasion disrupted international energy markets, are the largest in U.S. history. Although gas prices had already begun climbing due to increased demand compared to 2020, the Treasury Department estimates the SPR releases prevented a further spike of 20 to 40 cents on average, officials said. “Even with gas prices falling, the president knows they're still too high,” Aviva Aron-Dine,

Hence then, the article about biden administration estimates spr releases prevented 40 cent gas hike was published today ( Tuesday 26/07/2022 - 07:44 PM ) and is available on The Hill ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Biden administration estimates SPR releases prevented 40-cent gas hike )

Last updated : 26 July 2022 clock 07:44 PM

Also on site :

Biden administration estimates SPR releases prevented 40-cent gas hike ...Middle East

Kevin Stefanski Named Clear Head Coaching Candidate for AFC Team

Israel appears concerned over membership of Trump’s committee to rebuild Gaza

Abigail Spanberger makes history being sworn in as Virginia’s first female governor

Tennessee lands transfer commitment from former SEC, B1G DB

Flying soon without a REAL ID? TSA to roll out $45 fee in coming weeks

What Mark-Paul Gosselaar, Shanola Hampton Said About Toxic 'Found' Romance

What's A Knight Of The Seven Kingdoms Like? Allow The New Game Of Thrones Prequel's Cast To Explain

Opinion: Newsom’s presidential ambition complicates his final California budget

Fake Historian Jon Meacham Complains About Losing the 'Ethos of Omaha Beach and Gettysburg'

My Nephew Behaved Appallingly on Our Disney “Date.” My Sister’s Reaction Was Almost Worse.

Trump's Takeover Threat Sparks Protests In Denmark Supporting Greenland

Hubble Snaps Stellar Baby Pictures

Hundreds gather for People’s March in Rochester

Key Miami Starter Suspended for 1st Half of National Championship vs Indiana

Personal loss fuels mountaineer's historic trip down Mount Everest