Hi hi Mike Mike Rossi Rossi a a reporting reporting president president Biden Biden prepares prepares to to tap tap the the nation's nation's strategic strategic petroleum petroleum reserve reserve to to cap cap energy energy prices prices with with gas gas and and energy energy prices prices spiking spiking and and his his approval approval ratings ratings going going south south president president Joe Joe Biden Biden is is preparing preparing to to order order the the release release of of up up to to one one million million barrels barrels of of oil oil per per day day from from the the nation's nation's strategic strategic petroleum petroleum reserve reserve a a person person familiar familiar with with the the decision decision who who spoke spoke on on condition condition of of anonymity anonymity said said the the duration duration of of the the release release has has not not been been finalized finalized but but it it could could last last several several months months official official announcement announcement could could come come this this afternoon afternoon when when the the White White House House says says the the president president will will deliver deliver remarks remarks on on lowering lowering gas gas prices prices for for American American families families the the cost cost of of petroleum petroleum and and gasoline gasoline climbed climbed after after Russia Russia invaded invaded Ukraine Ukraine on on Wednesday Wednesday crude crude oil oil traded traded that that nearly nearly one one hundred hundred five five dollars dollars a a barrel barrel far far in in excess excess of of the the roughly roughly sixty sixty dollars dollars a a barrel barrel trading trading price price of of a a year year ago ago according according to to the the department department of of energy energy the the strategic strategic reserve reserve held held more more than than five five hundred hundred sixty sixty eight eight million million barrels barrels of of oil oil as as of of March March twenty twenty fifth fifth Mike Mike rice rice CEO CEO Washington Washington