Washington, DC – Representative Mikie Sherrill (NJ-11) released the following statement regarding the President's decision to release up to 180 million barrels of petroleum from the US Strategic Petroleum Reserve:
"Earlier this year, I called on the Administration to use the Strategic Petroleum Reserve (SPR) to release more oil into the market for American refineries, reduce the price of gasoline for consumers, and diminish Vladimir Putin's corrosive influence on global energy markets. The SPR is stored for exactly this sort of crisis and by releasing a million barrels every day, we will increase our domestic oil supply and lower the price New Jerseyans pay at the pump.
"Rest assured I will continue to push for further aggressive steps to secure our energy independence by accelerating our transition to clean energy, so that we are never again dependent on hostile foreign powers for our fuel. Energy independence is a matter of national security and I will continue my efforts to make sure we can rely on energy that is produced in America, by Americans, with New Jersey leading the way."
The American Automobile Association (AAA) expects to see continued moderation of gas prices at the pump as total domestic gasoline supply increases, aided by the SPR release.
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