President Joe Biden as prices remain higher than the previous mid-terms
On Wednesday, they will unveil action aimed at reducing costs at
the pump and increasing production of batteries for electronic vehicles
Biden is set to announce that he is releasing fifteen-tough barrels of oil from the
nation's emergency reserves . It meets its March guidance of releasing 180 million barrels in six months
Later in the afternoon, he will launch a new federal government initiative to boost
production of the mineral used in batteries for electronic vehicles and other product
categories such as laptops and smartphones
The government is facing increasing pressure to find answers to lower gas prices after a late summer slump