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CNN CNN Newsroom July 7, 2024



and welcome to cnn newsroom. i m erica hill. president biden a short time ago laying out his plan to keep energy prices down for americans which includes another push for oil companies to boost production and it comes, that push to lower gas prices as early voting gets under way in some states. we are now officially less than three weeks to go. who is counting? yeah. the president just announced he will release another 15 million barrels from the nation s oil stockpile beginning in december. this is in addition to the 165 million barrels of crude oil that s been put under contract since this past spring. the reserves are at a 30-year low. with my you a nounsment today we are going to continue to stabilize markets and decrease the prices at a time when the actions of other countries have caused such volatility, and i ve told my team behind me here to be prepared to look further look for further releases in the months ahead if needed. we re calling it a read ....

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