 The regulation will not be final until at least 2026. Number three. The Biden administration has announced the sale of 1 million barrels of gasoline to reduce prices at the pump ahead of record-breaking travel for the July 4th holiday. White House Press Secretary Karine Jean-Pierre. Which will lower gas prices, particularly in Northeast states such as Maine, New Hampshire, New York, New Jersey, and Pennsylvania. According to AAA, the average gas price will be $3.49 per gallon nationwide tomorrow.