Biden says U.S. gasoline prices will drop after release of strategic reserves

Published by
Reuters

By Alexandra Alper WASHINGTON (Reuters) – U.S. President Joe Biden on Tuesday touted his administration’s international and domestic efforts to tackle inflation and high gasoline prices, promising Americans a drop in prices at the pump ‘before long.” The Democratic president announced what he called the largest-ever release from the U.S. Strategic Petroleum Reserve to boost domestic supplies, in coordination with other countries. The White House is also probing possible illegal conduct by oil and gasoline companies that it says are keeping gas prices artificially high. “I told you before that …

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