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