Strategic Petroleum Reserve Hits Lowest Level In Decades

  • In an attempt to lower gas prices, President Joe Biden is on pace to shrink the Strategic Petroleum Reserve to its lowest level since 1984.
  • In mid-October, Biden announced his plan to release more oil from the emergency stockpile.
  • Biden said 15 million barrels would be released as part of the 180 million barrels previously announced in 2022.
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