Congress Set to Sell East Coast’s 1 Million Barrel Gas Cache
- US lawmakers have long questioned if reserve is useful
- Reserve was authorized after Hurricane Sandy crippled supply
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Congress is poised to sell off a 1 million barrel emergency cache of gasoline created in the aftermath of Hurricane Sandy amid questions about the reserve’s usefulness.
Legislation needed to fund the Energy Department slated for the Senate floor as soon as this month would shut the Northeast Gasoline Supply Reserve. The Republican-controlled House included the same language in its version of the bill.