Biden to announce that US will tap into strategic oil reserves, official saysTue, November 23, 2021 by ABC NewsSHARE NOW Official White House Photo by Adam SchultzHomePoliticsBiden to announce that US will tap into strategic oil reserves, official says(WASHINGTON) — U.S. President Joe Biden is expected to announce Tuesday that the country will tap into strategic oil reserves to help offset a surge in gasoline prices, a senior administration official told ABC News.The move will be formally announced by the White House on Tuesday morning before Biden addresses it in a speech scheduled for the afternoon, according to the official.Experts said Americans will see a quick drop in prices almost immediately. But the larger impact won’t hit for about two weeks, when gas stations across the nation lower prices.This is a developing story. Please check back for updates.Copyright © 2021, ABC Audio. All rights reserved.