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President Joe Biden plans to order the release of oil stored in the Strategic Petroleum Reserve as soon as Tuesday. Businesshala, as the president intensified efforts to reduce rising gasoline prices across the United States.

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Biden will reportedly make the announcement jointly with several other countries including India, Japan and South Korea.

The release could total over 35 million barrels over time, according to Businesshala, citing sources with knowledge of the plan.

Gas prices have become a significant issue for Biden and his administration as the holidays approach—according to the AAA, the average price for a gallon of gas in the US is now $3.41 per gallon, up more than 60% compared to at the moment. Is. Last year.

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