The U.S. Strategic Petroleum Reserve currently holds about 415 million barrels of oil, a relatively low level following several recent drawdowns. At full capacity, the reserve can store roughly 700 million barrels, meaning inventories remain well below their maximum. The reserve plays a critical role during supply disruptions or periods of rising oil prices. This has become particularly relevant as tensions involving the Strait of Hormuz have disrupted global energy flows, contributing to higher gasoline prices worldwide. To help counter rising energy costs, the U.S. government recently announced plans to release 170 million barrels from the reserve. Such releases are designed to increase supply in the short term and help stabilize oil markets during periods of geopolitical stress.
Source: U.S. Energy Information Administration, The Business Week Graphic
This graph was produced by Lucas Juery, CFA, CFPⓇ and is not intended to provide financial advice.
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