Trump faces uphill battle to replenish oil stockpiles headed to record lows
President Donald Trump's administration is facing an uphill battle to replenish the United States' emergency oil reserves, which are nearing record lows. The Strategic Petroleum Reserve, created in 1975, has a total capacity of around 714 million barrels, but as of June, it had only 349.2 million barrels of crude. The low levels of oil reserves have raised concerns among industry experts, who warn that it could lead to higher prices at the pump or leave the US with fewer supplies to respond to future energy crises.
- ▪The Strategic Petroleum Reserve is undergoing its second-largest drawdown, initiated by the Trump administration, to curb surging gas prices and oil supply disruptions.
- ▪The reserve's current level of 349.2 million barrels is nearly the lowest it has been in 40 years.
- ▪The draw is expected to send the SPR to its lowest level since it was created, hitting as low as 243 million barrels by July.
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| Original publisher | Washington Examiner |
| Canonical URL | https://www.washingtonexaminer.com/policy/energy-and-environment/4606543/trump-uphill-battle-replenish-oil-stockpiles-record-lows/ |
| Publication time | Sat, 13 Jun 2026 09:00:00 +0000 |
| Retrieval time | 2026-06-13T09:02:32.501Z |
| Last seen | 2026-06-13T09:43:16.517Z |
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Opening excerpt (first ~120 words) tap to expand
President Donald Trump campaigned on refilling the United States’s emergency reserves of crude oil as soon as he returned to office, but roughly a year and a half into his second administration, the stockpiles are inching closer to multidecade lows. Industry experts have sounded the alarm over the record-low levels, saying lower stocks could lead to higher prices at the pump or leave the U.S. with fewer supplies to respond to future geopolitical and energy crises. Some analysts are now blaming complacency from Congress and current and past administrations over a failure to refill the oil inventories ahead of what has been called the largest energy crisis in history.
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