/newsplus/ -Feds selling emergency gasoline reserve to lower prices for July 4 weekend

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Feds selling emergency gasoline reserve to lower prices for July 4 weekend administrator 05/23/24 (Thu) 19:46:26 2c01bf No.313194

By Guy Page

https://muckrack.com/guy-page-1

Superstorm Sandy made landfall in the northeastern United States and caused heavy damage to two refineries and left more than 40 terminals in New York Harbor closed due to water damage and loss of power, according to the NGSR website, This left some New York gas stations without fuel for as long as 30 days. As part of the Obama Administration’s ongoing response to the storm, the Department of Energy established the Northeast Gasoline Supply Reserve (NGSR); the first federal, regional, refined petroleum product reserve containing gasoline

Creation of the emergency stock of gasoline was authorized by Energy Secretary Ernest Moniz on June 20, 2014, the NGSR website states. Secretary Moniz directed the Office of Petroleum Reserves to establish a one million barrel gasoline component of the Strategic Petroleum Reserve in the Northeast.

https://vermontdailychronicle.com/feds-selling-emergency-gasoline-reserve-to-lower-prices-for-july-4-weekend/

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