The White House says the Department of Energy 'will make available the release of 50 million barrels of oil from the Strategic Petroleum Reserve.'By Lindsay Ward

WASHINGTON, D.C. (KDKA) — President Biden has made a major move that could help put a cap on soaring gas prices.

The White House says the Department of Energy ‘will make available the release of 50 million barrels of oil from the Strategic Petroleum Reserve.’

Prices at the gas pump right now are causing pain for many, and leaving a lot of people frustrated.

Right now, the national average is around $3.40 per gallon, a three cent increase from more than a month ago, with more people set to hit the roads for holiday travel.

Energy Secretary Jennifer Granholm says no President can control the price of gas, as oil is a global market.

She says that with everyone getting out more, there is a huge increase in demand, but the supply has yet to catch up.

For weeks now, President Biden has been under pressure to try and stop the rise in gas prices.

The President is also expected to give a speech on the economy today, as well.