Page 14 - West Hackberry News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The Biden administration is tapping into the nation's oil stockpile in hopes of lowering fuel costs for the holidays.

Hammered by high gasoline prices, President Biden announced this morning that the Department of Energy will release 50 million barrels of oil from the Strategic

The administration has been pushing China, India, Japan and South Korea to join in a coordinated effort to release reserves of crude oil to help tamp down rising gasoline prices.

The natural gas storage report from the EIA for the week ending March 5th indicated that the amount of natural gas held in underground storage in the US fell by 52 billion cubic feet to 1,793 billion cubic feet by the end of the week, which left our gas supplies 257 billion cubic feet, or 12.5% below the 2,050 billion cubic feet that were in storage on March 5th of last year, and 141 billion cubic feet, or 7.3% below the five-year average of 1,934 billion cubic feet of natural gas that have been in storage as of the 5th of March in recent years....the 52 billion cubic feet that were drawn out...

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