
Watch Live: Biden speaks on administration's actions to lower gas prices
CBSN
President Biden is updating the country Thursday on his administrations efforts to lower gas prices, as Americans continue to face high prices at the pump.
The Associated Press reports the president is preparing to order the release of up to 1 million barrels a day from the country's strategic petroleum reserve as a way to control price spikes caused by, among other factors, Russia's invasion of Ukraine. For weeks, reporters have asked the White House whether the U.S. will release oil from the United States' reserves, and the White House has consistently said it is considering all possible tools to lower prices.
Reports that Mr. Biden is planning to tap the reserves pushed oil prices down nearly $5 a barrel in overnight trading. But the overall economic impact to drivers remains unclear. U.S. oil on Thursday traded at $101.65 a barrel. The national average for gas is $4.23 a gallon, according to AAA, compared to $2.87 a year ago and $3.61 a month ago.

Robert Morris, founding pastor of Gateway Church, a megachurch in Southlake, Texas, has been indicted on five counts of lewd or indecent acts with a child, stemming from alleged incidents dating back to the 1980s, the Oklahoma attorney general's office announced Wednesday. We are aware of the actions being taken by the legal authorities in Oklahoma and are grateful for the work of the justice system in holding abusers accountable for their actions. We continue to pray for Cindy Clemishire and her family, for the members and staff of Gateway Church, and for all of those impacted by this terrible situation.