Spr Release 2025. In march 2022, as fuel prices spiked, the biden administration announced their decision to sell off 180 million barrels of crude oil from the strategic petroleum reserves. Recent legislation has directed the sale of more than 100 million barrels of oil from the u.s.
The us is seeking to buy crude oil at or below $79 per barrel to add to the strategic petroleum reserve (spr) and take advantage of favorable market prices. Recent legislation has directed the sale of more than 100 million barrels of oil from the u.s.