Bud's Offshore Energy (BOE)

As of 10/14/2022, the SPR inventory was 405.1 million barrels.

President Biden will announce on Wednesday that he is releasing 15 million more barrels of fuel from the Strategic Petroleum Reserve, a move aimed at easing gas prices three weeks before voters anxious over rising costs head to the polls as Democrats have been battered by GOP attacks on the economy.

WP

One objective is to support domestic drillers😀😀😀

The administration is also expected to release further details on timing for refilling the stockpile, reflecting its desire to combat rising pump prices while also supporting domestic drillers with future demand for their oil, they said.

Reuters