Experts warn gas prices could take weeks to go down as Biden taps into oil reserves

U.S. and international gas prices moved lower Friday following President Biden's announcement that he will release 1 million barrels of oil from the Strategic Petroleum Reserve every day through October to combat rising gas prices and inflation.  

Oil analyst Tom Kloza told CBS News that while drivers will see a modest dip in prices, they aren't plunging anytime soon. 

"I think we get a little bit of relief here in April and May, but for Memorial Day to Labor Day, unfortunately, we see very lumpy demand and we see it lumpy on the high side," Kloza said.