U.S. Northeast Gasoline Reserve Could Be Sold Off ...Middle East

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U.S. Northeast Gasoline Reserve Could Be Sold Off
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The U.S. could sell off its 1-million-barrel Northeast Gasoline Supply Reserve in the fiscal year of 2024, a funding bill up for discussion at U.S. Congress says. Under the draft text of the bill, “the Secretary of Energy shall draw down and sell one million barrels of refined petroleum product from the Strategic Petroleum Reserve during fiscal year 2024.”   “Upon the completion of such sale, the Secretary shall carry out the closure of the Northeast Gasoline Supply Reserve,” says the bill. Furthermore, one of the provisions…

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