Calling the matter an “urgent issue,” House Democrats led by California Rep. Ro Khanna called for Biden to ensure “affordable and reliable energy for American families.”

“We must use all tools at our disposal to bring down gasoline prices in the short term,” reads the letter, which was also signed by eight other Democrats, including Reps. Barbara Lee, Katie Porter, Darren Soto and others. Senate Democrats sent Biden a similar letter earlier this month.

Biden could be ready to use one of those tools as soon as Tuesday.

Biden hopes to announce his decision to release oil from the SPR in an economic speech on Tuesday, officials told CNN. However, the timing of such a move is contingent on the other nations finalizing their agreements to do the same, officials said.
The specter of the United States, and potentially other nations, releasing emergency barrels has already helped to lower oil prices. After topping $85 a barrel in late…

Read more…


Comments are closed.