The announcement will be made Tuesday.
November 23, 2021, 12:00 PM
• 1 min read
Share to FacebookShare to TwitterEmail this articleU.S. President Joe Biden is expected to announce Tuesday that the country will tap into strategic oil reserves to help offset a surge in gasoline prices, a senior administration official told ABC News.
The move will be formally announced by the White House on Tuesday morning before Biden addresses it in a speech scheduled for the afternoon, according to the official.
Experts said Americans will see a quick drop in prices almost immediately. But the larger impact won't hit for about two weeks, when gas stations across the nation lower prices.
This is a developing story. Please check back for updates.
