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

Easy Maintenance on the Kubota SVL75-3

Video: Easy Maintenance on the Kubota SVL75-3


Get to know the features designed to help operators get more out of the SVL75-3. In this episode of the Kubota Do It Right Series, we take a closer look at the controls, technology, and operator-focused design that make the SVL75-3 a dependable machine on demanding jobsites.

From performance-driven functionality to everyday convenience, the SVL75-3 is built to support productivity, comfort, and confidence in a wide range of applications. Whether you’re new to the machine or looking to better understand its capabilities, this walkthrough highlights key features every operator should know.