U.S. Strategic Petroleum Reserve Falls to Lowest Level Since 1982
publishers 4articles 6first reported 25 Sep, 09:00 UTCdeveloping since 25 Sep · 3 editions
U.S. oil stocks in the Strategic Petroleum Reserve have fallen to their lowest level since 1982, Reuters reported, as the government draws on the emergency supply to counter rising gasoline prices.
NPR reported that the United States tapped the reserve following the war with Iran in an effort to help bring fuel prices down. The withdrawals have renewed questions about how the government will replenish the stockpile while responding to elevated oil and gasoline costs.
One option under discussion is whether Venezuelan oil could contribute to rebuilding the reserve, according to NPR.
The Strategic Petroleum Reserve is intended to provide an emergency supply during major disruptions.
HOW THIS STORY WAS MADE
Written from 6 articles, headlines and summaries only; 4 independent newsrooms once syndicated copies count as one; this version written within the hour the record first saw the story; the editor revised it.
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- Source articles
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- Given to the writer
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- Independent newsrooms
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- This version written
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