-
USA DOE Selling Gasoline from Supply Reserve
In a statement posted on its website this week, the U.S. Department of Energy (DOE) revealed that its Office of Petroleum Reserves announced a solicitation for the sale and liquidation of one million barrels of gasoline in the Northeast Gasoline Supply Reserve (NGSR). That equates to 42 million gallons, according to the statement, which said this solicitation is “strategically timed and structured to maximize its impact on gasoline prices, helping to lower prices at the pump as Americans hit the road this summer”. “The awarded entities, likely made up of retailers and terminals, from this sale will have the ... (full story)