US to sell off strategic petrol reserves in northeast

Full tank: Motor vehicle traffic moves along the Interstate 76 highway in Philadelphia. By strategically releasing the reserves, the government is ensuring a sufficient supply at a time Americans need it the most, Granholm says. — Bloomberg

WASHINGTON: The US Department of Energy says that it will sell off a million barrels of petrol from a small strategic reserve in the northeast, paving the way for its closure.

The administration of President Joe Biden painted the move as one that would lower petrol prices ahead of the summer season, when millions of Americans travel the country by car.