US oil reserves drop towards Reagan-era lows, 'significant impact at the pump' coming, experts warn 64.1%
Fox Business - By Kristen Altus - 6/10/2026, 5:35 PM
Pessimism Bias 29.4% - Ambiguity (Equivocation) 24.3% - Negativity Bias 23.7%
The U.S. Strategic Petroleum Reserve (SPR) is dropping toward Biden-era lows toward levels not seen since the Reagan administration. According to the latest data from the U.S. Energy Information Administration’s petroleum status report for the week ending June 5, the SPR fell to 349.2 million barrels, with nearly 9 million barrels per... more