 The regulation will not be final until at least 2026. Number three. The Biden administration has announced the sale of one 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.