U.S. Congressman Sean Patrick Maloney announced that local gas stations in the Hudson Valley will receive over $1.4 million in federal grants. This comes as gas prices soared well over $4 per gallon and diesel prices reached nearly $6.60 per gallon.
The purpose of the grant is to expand domestic production of biofuels, reduce reliance on foreign oil, and lower gas prices for residents.
“As Putin’s war keeps oil prices high, we must do everything in our power to lower costs at the pump, including by investing in energy here at home,” Maloney said.
The United States Department of Agriculture provided grants to organizations like 360Fuel to facilitate the necessary infrastructure improvements to accommodate biofuels at local gas stations, including 53 stations throughout the Northeast. New York State gas stations were awarded a total of $1,448,000.
Approximately 63% of the gas stations in America are “mom and pops” whose owners do not own another station.