with growing concern over inflation president biden announced a rare step this afternoon to try to lower gas prices. the president said the energy department will tap into 550 barrels from the petroleum reserve and called it the largest release from the u.s. reserve in history. the move was made jointly with other coil consuming countries including china and india as oil rich nations continue to ignore requests to increase production to prepandemic levels. president biden says it will take time to see a change in prices. >> while our combined actions will not solve the problem of high gas prices overnight it will make a difference. it will take time but before long you should see the price of gas drop where you fill up your tank. >> i spoke about the move earlier with energy secretary jennifer granholm. >> secretary granholm, thank you so much for joining us.