(The Center Square) – An energy worker advocacy group is calling on the Trump administration to refill the Strategic Petroleum Reserve now that oil prices have fallen to four-year lows.
Former President Joe Biden drained the reserve of more than 40% of its capacity when gas prices reached record highs, averaging more than $5 a gallon across the U.S. in June 2022.
With the price of a barrel of crude oil at about $61, Power The Future says it’s the right time to restock the reserve.
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“This drop in oil prices is not only potential good news for Americans at the pump, it also provides a window to strengthen our national energy security,” Daniel Turner, founder and executive director of Power The Future, said Monday.
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