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Trump says will tap U.S. Strategic Petroleum Reserve to try to reduce gasoline prices

TT Editor·Updated: 12 Mar 2026 3:28 am IST
Read time: 1 min
Trump says will tap U.S. Strategic Petroleum Reserve to try to reduce gasoline prices

Former U.S. President Donald Trump has announced plans to utilize the United States' Strategic Petroleum Reserve (SPR) as a measure to lower gasoline prices, although he did not disclose the specific volume of oil to be released. This statement comes amid rising fuel costs that have been a significant concern for American consumers, especially with the ongoing economic recovery post-pandemic. The SPR, a vital national resource, is intended to mitigate supply disruptions and stabilize energy prices. Trump's proposal reflects his ongoing focus on energy independence and economic issues, likely aiming to resonate with voters ahead of upcoming elections. The decision to tap into the reserve is a contentious one, often sparking debate about the long-term consequences for national energy policy. As gasoline prices remain a pivotal topic in U.S. politics, the implications of this move are expected to unfold as the situation develops and further details are revealed.

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