The U.S. is currently in the process of replentishing our Strategic
Oil Reserve. This replentishment has placed an unnatural demand on
oil and will continue to until the reserve has been replentished. This spike in demand is partially responsible for the prices you are seeing at the pump. The U.S. currently has the ability to reserve approximately 700 million barrels of
oil, last time I heard we were down approximately 100 million barrels. When that reserve is re-established, hopefully we will see a decrease at the pump.
Respectfully,
GB