Strategic Petroleum Reserve Falls to Lowest Level Since 1983 as Gas Prices Rise Again

Strategic Petroleum Reserve Falls to Lowest Level Since 1983 as Gas Prices Rise Again
President Joe Biden speaks about the economy at the SK Siltron CSS facility in Bay City, Mich., on Nov. 29, 2022. Jim Watson/AFP via Getty Images
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The Strategic Petroleum Reserve (SPR) fell to its lowest level since 1983, as oil and gas prices rose again last week.

The Biden administration has tapped over 240 million barrels from the SPR this year to lower domestic gas prices, which have been rising since the president took office.

Bryan Jung
Bryan Jung
Author
Bryan S. Jung is a native and resident of New York City with a background in politics and the legal industry. He graduated from Binghamton University.
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