Biden Is Expected To Announce Plan To Help Lower Price For Gas

Prices at the pump have been rising after OPEC's recent decision.

Prices at the pump have been rising after OPEC announced it would be cutting oil production by 2 million barrels a day starting in November.

President Biden is set to announce a plan to help ease the price increase. The idea is to release 15 million barrels of oil from the U.S. reserves. The White House shared that this would fulfill his promise of releasing a total of 180 million barrels over 6 months to assist in helping lower gas prices.

Biden is also anticipated to speak about restocking the reserves and calling on oil and gas companies to give consumers a break.