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It is also the first time India and the US have acted in concert in the matter despite New Delhi's close ties with oil producers in its neighborhood. The coordinated move is thought to show intent. The US burns up nearly 20 million barrels a day. It is not clear, much less certain, how much the release from strategic reserves will help with lowering prices, considering the amount released barely covers a few days of use. Demand has since ticked up with the waning of the pandemic and increasing travel and trade, but the so-called OPEC+, which includes major oil producing nations and Russia, have rebuffed calls to increase output. Daily Digest (latest issue) Congressional Record (latest issue, PDF) Tentative Floor Schedule. The current crisis has its origins in the pandemic, during the early days of which demand for oil plunged, leading oil producing nations to cut production to keep prices stable. That's why President Biden is using every tool available to him to work to lower prices and address the lack of supply," the White House said in statement ahead of the speech. "American consumers are feeling the impact of elevated gas prices at the pump and in their home heating bills, and American businesses are, too, because oil supply has not kept up with demand as the global economy emerges from the pandemic. Biden is scheduled to deliver remarks later today on the economy, including "lowering prices for the American people," amid disquiet across the nation over rising prices and inflation. Average gas prices across the nation is around $3.40 per gallon (approx Rs 70 per liter), but in parts of California it is more than $5 a gallon. Gas prices are at a seven year peak in the US and the Biden administration is taking a lot of heat for it from Republicans for whom it is a potent political weapon. China has also been invited to join the group but it has not responded so far.
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The quantum of release from Japan and South Korea was not immediately know. Concurrently, India committed to releasing 5 million barrels from its reserve for a start. In what is the first such coordinated action, the White House announced that the Department of Energy will release 50 million barrels of oil from the country's Strategic Petroleum Reserve. Please allow up to three weeks for delivery.WASHINGTON: The United States, India, Japan and South Korea acted in concert on Tuesday to release oil from their respective strategic petroleum reserves to combat high prices stemming from major oil exporting nations not ramping up production ahead of a busy holiday travel season. Gypsys stepmother said the interaction between Gypsy and Bustle came a few days after Hulu premiered 'The Act' on March 20, and that the family was not aware a journalist had contacted Gypsy. In Betrayal, Karl recounts the chaotic events that followed the 2020 presidential election and the former president’s stunning downfall. He was the president of the White House Correspondents’ Association from 2019 to 2020 and has earned the Walter Cronkite Award for National Individual Achievement, an Emmy Award, and the Everett McKinley Dirksen Award, the highest honor for Congressional reporting. The chief White House correspondent and chief Washington correspondent for ABC News, Karl has written extensively about Trump’s presidency., Karl has also covered some of D.C.’s most important beats, including four presidential administrations, Capitol Hill, the Pentagon, and the State Department. Jonathan Karl is the author of Front Row at the Trump Show, an instant New York Times bestseller that peered behind the scenes into President Trump and his allies’ unprecedented actions. In conversation with Tamala Edwards, anchor, 6ABC Action News morning edition