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Biden oil move aims to cut gas prices ‘fairly significantly’

President Joe Biden speaks about his administration's plans to combat rising gas prices in the South Court Auditorium on the White House campus, Thursday, March 31, 2022, in Washington. (AP Photo/Patrick Semansky) President Joe Biden speaks about his administration's plans to combat rising gas prices in the South Court Auditorium on the White House campus, Thursday, March 31, 2022, in Washington. (AP Photo/Patrick Semansky) President Joe Biden speaks about his administration's plans to combat rising gas prices in the South Court Auditorium on the White House campus, Thursday, March 31, 2022, in Washington. (AP Photo/Patrick Semansky) President Joe Biden speaks about his administration's plans to combat rising gas prices in the South Court Auditorium on the White House campus, Thursday, March 31, 2022, in Washington. (AP Photo/Patrick Semansky) President Joe Biden speaks about his administration's plans to combat rising gas prices in the South Court Auditorium on the White House campus, Thursday, March 31, 2022, in Washington. (AP Photo/Patrick Semansky) FILE - A man checks gas prices at a gas station in Buffalo Grove, Ill., Saturday, March 26, 2022. OPEC and allied oil producers including Russia are deciding how much crude to pump to the world Thursday, March 31, 2022, with expectations for a modest increase despite pleas for more. (AP Photo/Nam Y. Huh, File)