GgoogleUS first seen 19 d ago, last 21 h ago, peak #1
US Emergency Oil Reserve Falls to 1982 Low
Original: petroleum
America's Strategic Petroleum Reserve has dropped to roughly 283 million barrels, its lowest level since 1982, after falling another 767,000 barrels last week. At the same time, gasoline prices are higher than they were under the Biden administration, drawing criticism of current policy. Separately, refiner Marathon Petroleum is targeting 3 million barrels per day of throughput in the third quarter, raising questions about whether strong refining output can continue.
Why now: Rising gasoline prices combined with a four-decade-low emergency oil reserve are fueling concern and debate about US energy policy.
Strategic Petroleum ReserveUnited StatesMarathon Petroleum24/7 Wall St.
Evidence
- JI gives government seven days to remove petroleum levy · Aaj English TV
- America’s Emergency Oil Reserve Is at a 1982 Low, and Gas Is Costlier Than Under Biden · 24/7 Wall St.
- US SPR crude stocks fell 767k bbls last week to 283mln bbls · Newsquawk
- MPC Targets 3M Barrels per day in Q3: Can Strong Throughput Continue? · TradingView
Elsewhere
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