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Biden taps oil reserve for 6 months to control surging gas prices
President Joe Biden is ordering the release of 1 million barrels of oil per day from the nation’s strategic petroleum reserve for six months, the White House said Thursday, in a bid to control energy prices that have spiked as the U.S. and allies imposed steep sanctions on Russia over its invasion of Ukraine.
WASHINGTON - Gas prices continue to soar across the U.S. -- and in the nation's capital – they are surging well above the national average.
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On Thursday, FOX 5's Bob Barnard spotted gas at $4.99 per gallon for regular and $5.99 per gallon for premium at an Exxon station in Northwest D.C.
AAA listed the national average for gas on Thursday as $4.225. In D.C., AAA listed the average price at $4.423 per gallon.
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In Maryland, AAA says the average price is at $3.809 and in Virginia at $4.093.
President Joe Biden ordered the release of 1 million barrels of oil per day from the nation's strategic petroleum reserve for six months in a bid to control energy prices that have spiked as the U.S. and allies imposed steep sanctions on Russia over its invasion of Ukraine.