Strategic Oil Reserves Down To A Record Low Two-Week Supply

The SPR is the lowest since 1982, but days should be the big concern.

According to the Energy Information Agency, the Weekly U.S. Ending Stocks of Crude Oil in the Strategy Petroleum Reserve (SPR) are at the lowest level since 1982.

Strategic Reserves Millions of Barrels

Strategic Reserves Millions of Barrels Detail

Reserves in barrels don’t accurately present the severity of the situation.

Strategic Oil Reserves Supply in Days

Dwindling SPR Rising Demand

Reserves are sinking while demand is rising. The lead chart tells this important story better than raw SPR numbers.

Supply in days is the volume of the SPR divided by product supplied, both numbers from the EIA.

Operation Epic Fury that kicked off the War in Iran was February 28, 2026.

At the start of war, the SPR has a supply of 20.9 days. The US now has a supply of 14.8 days.

Trump is using reserves to hold down the price of gasoline at the pump.

Do you think Iran does not understand these reserve numbers?

Crazy Talk

Talk of spending another month to secure the strait is crazy talk. We don’t have a month.

Besides, there is no guarantee that a month is sufficient timeline to secure the strait.

No Winning Options

Trump is fuming because he has no winning options. His best option was the MOU ceasefire that he just trashed.

Trump could have and should have bragged about what a great deal that was. Instead he reopened the war and does not know what to do with it.

So, here we are with two weeks of reserves and no oil flowing through the strait.

Grok on the Numbers

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Not only is the US running low on weapons, the SPR is down to two weeks supply.