"Biden's Gasoline Reserve Sale Unlikely to Significantly Lower Summer Prices"

The Biden administration's sale of 1 million barrels of gasoline from the Northeast Gasoline Supply Reserve is unlikely to significantly impact summer pump prices, according to analysts. The sale, aimed at mitigating regional price surges, represents only a small fraction of U.S. consumption. While gas prices have been trending lower due to softened demand and decreased oil prices, the outlook remains uncertain with an active hurricane season potentially disrupting supply.