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Tue, Dec. 07

Biden releases 50 million barrels of oil in hopes of easing gas prices

A woman pumps gas Tuesday in downtown Phoenix. The average price of a gallon of regular unleaded in Arizona was $3.74, a 60% increase from the same time last year. The Biden administration will release 50 million barrels of oil from the Strategic Petroleum Reserve in hopes of taming surging gas prices. (Photo by Kevin Hurley/Cronkite News)

A woman pumps gas Tuesday in downtown Phoenix. The average price of a gallon of regular unleaded in Arizona was $3.74, a 60% increase from the same time last year. The Biden administration will release 50 million barrels of oil from the Strategic Petroleum Reserve in hopes of taming surging gas prices. (Photo by Kevin Hurley/Cronkite News)

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