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White House is seeking to cut gas prices for political reasons related to the midterm elections because emergency oil stockpiles are being depleted.<br>
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Biden Intensifies His Efforts to Ensure American Energy Independence President Joe Biden increased his attempts to lessen the impact of rising gas prices and lessen America’s vulnerability to the world’s energy markets, which have gotten more unpredictable due to aggressive acts by Saudi Arabia and Russia. One day after authorities said the United States would discharge millions of oil barrels from the Significant Oil Reserve, Biden would take an alternative deduction this winter. The government announced $2.8 billion in grant money to broaden domestic production of electric vehicles and the electrical grid.
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