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Following Letter from Rep. Delgado, President Biden Will Tap Into Oil Reserves to Lower Gas Prices

November 23, 2021

RHINEBECK, NY – Last week, U.S. Representative Antonio Delgado (NY-19) called on President Joe Biden to release inventory from the Strategic Petroleum Reserve to lower gas and home heating prices for upstate New Yorkers. Today, the White House announced President Biden plans to release oil from the Strategic Petroleum Reserve.

“I am thankful that President Biden heeded my request to release inventory from the Strategic Petroleum Reserve to help immediately lower gas prices,” said Rep. Delgado. “From the gas pump to the grocery store, I will keep fighting to lower costs for upstate families and small businesses.”

Severe market disruptions caused by the pandemic have resulted in price spikes at the gas pump. Rep. Delgado's letter to the President made clear that upstate communities depend on heating oil, propane, and other gas sources to heat their homes.

The full text of Rep. Delgado’s letter sent on November 17th can be found below:

Dear President Biden:

I write out of concern for families and small businesses in upstate New York, who are seeing higher prices at the gas pump and rising costs to heat their homes. According to recent reports, the national average price for a gallon of gasoline is the highest it has been since 2014. Additionally, an October 2021 analysis from the U.S. Energy Information Administration found that households that heat primarily with heating oil, natural gas, and propane could also see large increases in energy costs this winter. These price spikes are particularly harmful for working people and our small businesses, who are less able to absorb higher energy costs.

The pandemic has caused severe market disruptions and it is critical that we enact policies to crush the virus and return to our normal way of life, which will bring supply chains back in order. I have been proud to work with your Administration to enact transformational policies like the American Rescue Plan and the bipartisan Infrastructure Investment and Jobs Act to help the American people and lower out-of-pocket costs. I also support the Administration’s continued effort to transition our economy to renewable energy which would create more jobs in our communities.

I believe that we must do more to lower costs for working people and small businesses and help families fill up their gas tanks in the meantime. That is why I urge you to release inventory from the Strategic Petroleum Reserve to help immediately stabilize gas prices and help those Americans in places like upstate New York who depend on heating oil, natural gas, and propane to heat their homes in the winter.

Thank you for your attention to this critical issue. Please do not hesitate to reach out if I can provide any more information, and I look forward to your response.

Sincerely,

Antonio Delgado

Member of Congress

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