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what exactly do we expect to hear from him? reporter: yeah, that s right, bianna. president biden is going to be tackling head on what has become a political liability for democrats less than three weeks away from these midterm elections and that s the price of gas in the united states, which is now 20 cents higher than it was a month ago. we have seen those prices come down some over the last week, but there are still a lot of concerns, especially given the cut in production announced by opec plus earlier this month, the conflict that is still ongoing in ukraine and so president biden today trying to do something to tackle the rising price of oil and in accordance with that the rising price of gas. 15 million barrels of oil is what president biden is directing the administration to release from the strategic petroleum reserve and that is going to be the last of the 180 million barrels of oil that president biden announced last spring that the administration would rel ....
happening right now, martial law. putin is cracking down on several regions. another sign that his war is losing momentum. hours from now, president biden will announce new actions to tackle gas prices, including another release from strategic oil reserves, as voters say inflation and rising prices are key issues heading into the mid terms. let s begin in ukraine. earlier this morning, i wrote with a cyberexpert, and asked what he thinking of the move for martial law. it s an act of desperation. things are going from bad to worse. he s losing more and more territory in these four recently annexed territories. just yesterday, the new head of the russian ground forces said they have to make some hard decision where their position is particularly untenable on the right bank of the river. that s probably an indication they re looking to withdraw potentially from that. what putin is trying to do there is forestall t. of course, any further loss of territory, desperatel ....
hello and welcome to inside politics. i m john king in washington. thank you for sharing a busy news day with us. president biden taps the strategic petroleum reserve, 15 million barrels is barely one day of what america consumes but the price of gas is hurting the midterm prospects and thehe is trying to show he trying to ease your pain at the pump. no blank check for ukraine. a promise to boot democrats from committees. no promise to rule out cutting social security and medicare. kevin mccarthy gives a window into his agenda. should republicans take back the house. martial law. russia signs off on new decrees from vladimir putin trying to exert more power over ukraine. president biden in a new move designed to help your budget a bit and hopes also maybe his outlook. in just a short while the president announces a batch of new oil drawn from the strategic petroleum reserve, some 15 million barrels and his energy team today won t rule out releasing more oil over ....
on your wallet. president biden will announce a move to help keep energy prices down for americans less than three weeks before the all-important midterm elections. the president will announce the release of another 15 million barrels of oil from the strategic preserve. of course, in the past few days gas prices have been dropping in some areas but on average they re still up 17 cents a gallon from a month ago. of course, the cost at the pump factors into the economic worries voters will carry to the polls and could be a problem for democrats since they re the party in power. cnn s phil mattingly is at the white house. phil, what do we expect to hear from the president? you know, ana, not a lot of levers the president can pull in an international economy and global market like the oil market. this, what the president will announce is one of them. both an actual action, announcing the sale of another 15 million barrels from the strategic petroleum reserve but also in s ....
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 ....