NEW YORK – With gas prices topping $ 4 a gallon in some parts of New York, Senator Chuck Schumer is asking the president to leverage the nation’s fuel reserve to help consumers during what is expected to be a busy holiday travel season.
The Senate Majority Leader says use of the nation’s Strategic Petroleum Reserve would avoid any supply and demand issues that have spiked prices amid the pandemic, and lower prices at the pump immediately. However, it will not be a long-term solution.
“The reserve is not a long-term solution. It should only be used in emergencies,” Schumer said during his press conference Sunday at a gas station in New York City.
The Democrat said reserved emergency fuel has only been used three times in the past: in 1991 during Operation Desert Storm, in 2005 after Hurricane Katrina and in 2011 when there were crude oil outages.
– .
