What is the strategic oil reserve, and can it lower gas prices?

With Election Day on the horizon and gas prices rising, President Biden proposes releasing another 15 million barrels of oil.

Biden to release 15 million barrels from oil reserve, more possible

President Biden will also open the door to additional oil reserve releases this winter in an effort to bring prices down.

The U.S. is the world’s largest oil producer. You’ll still pay more for gas.

When supply in the market contracts slightly – as it will with OPEC Plus's decision last week to cut production – that can affect prices in the U.S.

New England fuel dealers plot their future in a rapidly electrifying world

As more mandates and incentives are rolled out to fight climate change, a strategy emerges to cast doubt on electrification while talking up renewable liquid fuels.

Home heating oil prices in southern Maine hit nearly $6 per gallon

With warmer weather and U.S. reserves being released, a downturn in price is expected but the timing is hard to predict.

Mills signs bill requiring state to alert communities to federal air quality violations

The new law comes after South Portland residents complained they were not notified of air quality violations from a petroleum tank farm along the Fore River.

U.S. says conserving oil no longer an economic imperative

Donald Trump pressed aides on Venezuela invasion, U.S. official says

Local company’s free oil pumps up Valentine’s Day heat

Paul LePage says drilling off Maine coast would lower prices