Department of Energy is approving loans from the Strategic Petroleum Reserve to limit disruptions in crude supplies for refineries.

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The Department of Energy is releasing supplies from the nation's Strategic Petroleum Reserve to limit disruptions of supplies to oil refineries, which "will help take some pressure off of gas prices, " and the Environmental Protection Agency has waived rules requiring low-pollution blends in some areas in order to increase availability of gas and diesel, he said.

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Hurricane Sandy struck the East Coast on October 29, causing severe damage to the petroleum refining and distribution sector -- including pipelines, refineries, bulk terminals, and ports.

WHITEHOUSE: The White House

The Brazilian petroleum company Petrobras will purchase the gas and use it to run one of its refineries.

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