Farms.com Home   News

Biden Admin to Release Gasoline From Strategic Fuel Reserve

By Ben Lefebvre

As the summer driving season nears, the Energy Department said it was making the move now “to maximize its impact on gasoline prices.”

The Biden administration announced Tuesday it would release 42 million gallons of gasoline from the strategic fuel reserve into the Northeast markets to help cool off retail fuel prices.

Congress had ordered the sale from the National Gasoline Supply Reserve as part of the 2024 budget law, 118-42, requiring the Energy Department to close down the reserve after selling its inventory. DOE said it will accept bids for the fuel through May 28, with the revenue going to the Treasury. The fuel is to be delivered from the reserve sites in New Jersey and Maine no later than June 30.

Click here to see more...

Trending Video

Planting Corn with Classic Allis-Chalmers Tractors | Full Field Action

Video: Planting Corn with Classic Allis-Chalmers Tractors | Full Field Action

Step into the field for a full day of spring fieldwork as this farm plants corn using classic Allis-Chalmers power near Arcanum, Ohio. In this video, the farm is working ground with an Allis-Chalmers 8050 pulling a Salford field cultivator and Brillion Culti-Packer to prepare the seedbed. Right behind, an Allis-Chalmers 7020 handles planting duties with a 12-row White planter, putting this year’s corn crop in the ground. You’ll see a mix of aerial drone footage and ground-level views capturing all the action, along with a voiceover that dives into the history and legacy of these two Allis-Chalmers tractors. It’s a great look at how reliable, older equipment is still getting the job done during spring planting season. If you enjoy classic farm equipment, corn planting, and real-world field action, this one is for you.