That's a rough estimate of how much it would currently cost the U.S. to refill its Strategic Petroleum Reserve "right to the top," as President Donald Trump promised in his inaugural address Monday. The Biden administration sold off more than 180 million barrels of oil from the stockpiles in a bid to control runaway gasoline prices after Russia's war on Ukraine sent inflation skyrocketing. Lower-cost purchases since than have replenished inventories somewhat—to roughly 394 million barrels. Millions more are scheduled to arrive by May. That leaves the skyscraper-sized storage caverns...
Trump's Pledged Refill of Oil Reserve Would Carry a Huge Price Tag
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