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The US’s emergency supply of crude oil has fallen to its lowest level since 1983 as the Trump administration moves toward completing its plan to release 172 million barrels to ease surging fuel prices spurred by the war in Iran.

bloom.bgUS Oil Reserve Hits 43-Year Low as Trump Aims to Tame Gas PricesThe US’s emergency supply of crude oil has fallen to its lowest level since 1983 as the Trump administration moves toward completing its plan to release 172 million barrels to ease surging fuel prices spurred by the war in Iran.

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Spr hit 1983 levels after 300 million barrels sold since 2021. the 2022 refill order still shows zero barrels repurchased.