Biden is likely to tap the oil reserve for summer demand, according to a report

Biden administration is using emergency powers to authorize widespread sales of higher-ethanol E15 gasoline this summer. The Biden administration has employed similar tactics in the past two years, following a strategy it employed the previous two years. Biden administration says E15 will be allowed to be widely available this summer in the United States.

The Biden administration is using emergency powers to authorize widespread sales of higher-ethanol E15 gasoline this summer. The move follows a similar strategy it employed the previous two years. The administration has used emergency powers in the past two years to authorize summer sales of E15 gas.

Macquarie: Biden administration will likely need to tap oil from emergency reserves to counter a spike in gasoline prices. Summer driving season is expected to be on the rise amid inflation fears during the summer. The Biden administration is likely to tap emergency oil reserves for summer demand.