 The Biden administration has sold 1 million barrels of oil or 42 million gallons of gasoline from the Northeast Gasoline Supply Reserve. National Economic Advisor Lael Brainard says the sale will help lower prices at the pump. Jacqueline Lee reports. When we look at gas prices, the national average is currently sitting at $3.51 a gallon, but here in California it is slightly higher at $4.79 a gallon, but it is lower than it was this time last year.