The Trump White House said that the administration is gradually refilling the Strategic Petroleum Reserve after it was partially drained under the Biden administration. (Brandon Bell/Getty Images)
A Trump official explained that the administration is working to "gradually" refill the stash of oil, while citing significant "damage" left to the reserve following the Biden administration releasing millions of barrels of oil in 2021 and 2022.
"Joe Biden’s disastrous green energy policies sent gas prices soaring across the country, making the past four years painfully unaffordable for Americans filling their gas tanks to commute to work, take their children to school, and travel during the summer and holiday seasons," White House spokeswoman Taylor Rogers told Fox News Digital.
"In a desperate attempt to provide an illusion of relief during his 2024 campaign, Joe Biden irresponsibly depleted our Strategic Petroleum Reserve — shamelessly jeopardizing our economic and national security. President Trump’s energy dominance agenda has already brought gas prices down across the country, while gradually replenishing the SPR, and they will continue to drop as we unleash American energy."
Biden released 50 million barrels of oil from the Strategic Petroleum Reserve in 2021 to lower gas prices and address the nation's supply chain issues, citing the move was needed after the COVID-19 pandemic brought the world to a "near economic standstill."
He upped the ante on draining the SPR in March 2022, announcing that his administration would release one million barrels of oil per day from the SPR for six months to combat rising gas prices. The announcement followed Russia's invasion of Ukraine in February 2022, with the U.S. and other allies imposing steep sanctions on oil-rich Russia in response. Biden released roughly 300 million barrels of oil across his four years.
The U.S. uses about 20.2 million barrels of crude oil per day, according to the Energy Information Administration, so the roughly 400 million-barrel Strategic Petroleum Reserve would cover only about 20 days of demand if it were the country’s sole source of crude.
Biden holds the top spot among presidents for releasing the most oil from the SPR, with his administration acknowledging at the time that it was "unprecedented" but needed to lower energy prices. SPR levels dropped to a 40-year low of 347 million barrels in July 2023 after the drawdowns in 2021 and 2022, compared to its record high at 727 million barrels under the Obama administration in 2009.
"The scale of this release is unprecedented: the world has never had a release of oil reserves at this 1 million per day rate for this length of time," the Biden administration said in a statement at the time, pinning blame for the prices on Russia. "This record release will provide a historic amount of supply to serve as bridge until the end of the year when domestic production ramps up."
Other presidents have released oil from the reserve, including the President George H.W. Bush administration releasing 17.3 million barrels in 1991 during Operation Desert Storm, and the President George W. Bush administration ordering an 11 million barrel drawdown in 2005 when Hurricane Katrina rocked the Gulf Coast.
Armed security stands near an oil pipe at the Bryan Mound facility of the Strategic Petroleum Reserve. (Brett Coomer/Houston Chronicle via Getty Images)
The Trump administration told Fox Digital that the Energy Department and Trump are working to gradually refill the reserve and remain committed to their previous pledges to do so, while awaiting additional funding from Congress.
The Department of Energy began refilling the SPR in October, Fox Digital learned, in October with a notice of intent to purchase a million barrels of oil, which was followed by the department awarding contracts to begin refilling the reserve. The Department of Energy expects that oil to be delivered to the reserves by the end of 2025.
'PRICES ARE COMING DOWN': TRUMP HAILS HIS ECONOMY, BLAMES BIDEN AS VOTERS SAY COSTS STILL STING
The administration said it is examining other avenues to refill the reserves as it awaits further funding action from Congress, including exchanging 1 million barrels to ExxonMobil in July to address a temporary supply disruption at its Baton Rouge, Louisiana, refinery. Exxon will return the oil, plus an additional amount that will be returned under a negotiated schedule by the third quarter of fiscal year 2026.
Trump railed against Biden's plan and subsequent release of the oil in his interim between his first and second administration, including in 2021 when he told the New York Post that the reserve should only be tapped during "serious emergencies, like war, and nothing else."
"Now I understand that Joe Biden will be announcing an ‘attack’ on the newly brimming Strategic Oil Reserves so that he could get the close to record-setting high oil prices artificially lowered," Trump told the outlet at the time. "We were energy independent one year ago, now we are at the mercy of OPEC, gasoline is selling for $7 in parts of California, going up all over the Country, and they are taking oil from our Strategic Reserves. Is this any way to run a Country?"
The price of gas is seen as traffic moves through Annapolis, Maryland, on Nov. 23, 2021. (Jim Watson/Getty Images)
Trump also vowed in his inauguration speech on Jan. 20: "We will bring prices down, fill our strategic reserves up again right to the top, and export American energy all over the world."
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White House press secretary Karoline Leavitt Thursday, during a press briefing, celebrated the nation's current falling gas prices as evidence that the Trump economy is easing the financial anxiety Americans are feeling.
Democrats in the off-season 2025 election cycle campaigned on the platform of "affordability," claiming the Trump administration was worsening cost-of-living woes. The president and his administration have hit back against the Democrats' new winning campaign strategy, pinning blame for high costs on Biden administration policies that have had a lasting effect on the economy.
"American families faced constant pain at the pump, and those costs caused the price of everything else to go up as well," Leavitt said Thursday. "In fact, the average cost for a gallon of regular gas in the country was the most expensive price during a presidential term in U.S. history under Biden's disastrous leadership, even with them recklessly draining our strategic reserves to try and artificially decrease prices. But thanks to President Trump, those days are long behind us. In the months ahead, Americans can expect prices to fall even further."
https://www.foxnews.com/politics/gas-prices-falling-so-why-isnt-trump-refilling-oil-reserve-faster-wh-blames-biden-era-damage