The Trump administration is tapping into the U.S. Strategic Petroleum Reserve to ease rising gas prices amid the war with Iran, the president said Wednesday.
The Department of Energy announced 172 million barrels of oil will be released beginning next week.
“This will take approximately 120 days to deliver based on planned discharge rates,” the Energy Department said in a statement. “Unlike the previous administration, which left America’s oil reserves drained and damaged, the United States has arranged to more than replace these strategic reserves with approximately 200 million barrels within the next year—20 percent more barrels than will be drawn down—and at no cost to the taxpayer.”…