But the average consumption of gasoline in the United States is 8 million barrels a day, according to the Energy Information Administration, meaning theofficials said the drawdowns will be conducted at two gasoline reserve sites in New Jersey and Maine, and they are designed to “lower costs for American families and consumers.” Both sites are part of the Northeast Gasoline Supply Reserve created in the wake of Superstorm Sandy in 2012 to help avoid a fuel supply shortage.
President Joe Biden is seeking to bolster his performance in the polls, which, during his first term, has been closely tied to gas prices., which estimates that nearly 44 million travelers will be hitting the road this holiday weekend — or the second-highest number of travelers recorded since the organization first began gathering data in 2000.
Those prices, combined with the political pressure ahead of the November 2022 midterm elections, prompted Biden to order the sale of 180 million barrels of oil from the U.S. emergency stockpile — the largest and fastest drawdown since the stockpile’s creation in the 1970s.
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