The Biden administration is expected to release oil from the Strategic Petroleum Reserves in coordination with other nations in the coming days in a bid to tamp down the recent increase in gasoline prices, people familiar with the effort said Monday.

release is expected to be between 30 million and 35 million barrels and would be carried out over time, one of the people said.

“I expect there will be a major move quite soon,” said one of the people familiar with the plan.

A White House spokesperson said no decision had yet been made on a release of oil from the SPR.

Even if the Biden administration does not release oil from the SPR immediately, budget legislation passed by Congress both in 2015 and 2018 mandates SPR releases in 2022.

One person familiar with the White House's thinking said the administration had not made a final decision to release the oil, and that U.S