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Energy Secretary tapping emergency crude reserves to ease gas prices

Jacquelyn Martin / AP

Energy Secretary Rick Perry announced Thursday he will be releasing 500,000 barrels of crude oil from an emergency reserve to ease gas price spikes in light of disruptions to energy infrastructure due to Hurricane Harvey, per the AP.

  • The EPA has also expanded emergency gasoline waivers to include 38 states and D.C. to avoid disruptions related to the storm, per the AP.
  • The Department of Transportation is waiving operator qualifications to "expedite the engagement of pipeline" personnel to help with response and recovery S&P Global Platts reports.