Trump promised to fill America’s oil reserves ‘right to the top.’ A year later, oil has exceeded $100 and they’re still less than 60% full - Fortune
The Bottom Line
America's Strategic Petroleum Reserves are less than 60% full, despite President Trump's pledge to refill them.
How This Affects You
The low Strategic Petroleum Reserve levels, combined with oil prices over $100 per barrel, could contribute to higher gasoline prices at the pump for consumers.
Despite President Donald Trump's stated intention to refill America's Strategic Petroleum Reserves (SPR) "right to the top," the reserves remain less than 60% full, according to a Fortune report. This status persists even as crude oil prices have surpassed $100 per barrel. The administration had previously indicated a goal to replenish the SPR after significant drawdowns. The current level raises questions about the nation's energy security posture and the execution of stated policy goals amidst fluctuating global oil markets.
What's Being Done
Actions, solutions, and how to get involved
The Department of Energy (DOE) manages the Strategic Petroleum Reserve (SPR). The administration has indicated a long-term strategy to replenish the SPR, with the DOE announcing in 2023 a plan to purchase 3 million barrels of oil for the reserve. The Bipartisan Infrastructure Law also includes provisions for SPR maintenance and modernization. Citizens can monitor DOE announcements regarding SPR replenishment and contact their congressional representatives to express views on national energy security policy.
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