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President Trump says he’ll use oil from the government’s reserves in an effort to lower energy prices. The Energy Department said in *** statement the US will release 172 million barrels of oil from the Strategic Petroleum Reserve in coordination with allies. Now for context, the US uses roughly 20 million barrels of oil per day. Experts say if the war ends soon, the extra supply could trigger *** sharp decline in oil prices. I get the facts data team found. The US Strategic Petroleum Reserve levels are near historic lows as tensions with Iran threaten global oil supplies. Meanwhile, President Trump claimed Wednesday, We won the war, noting the US is in very good shape. They’ve got no navy. They’ve got no air force. They’ve got no anti-air traffic anything. They have no systems of control. We’re riding free range over that country. Questions are still circulating about how much longer the US will continue fighting in the Middle East. President Trump told Axios on Wednesday the war will end soon, adding any time he wants to end it, it will end as the war rages on. Affordability remains top of mind for millions of Americans. Today, AAA reports the average price for *** gallon of gas is 359, *** 22% increase compared to last month. In Washington, I’m Rachel Hirsheimer.
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Trump announces oil release from government reserves as gas prices rise
President Trump announced the release of oil from government reserves to lower energy prices amid ongoing fighting with Iran.
The Trump administration is sending more mixed messages about the progress of the U.S. military mission in Iran.On Wednesday, President Donald Trump spoke about the war during an unrelated economic speech near Cincinnati, Ohio.”Let me tell you: We’ve won,” Trump said. “You know, you never like to say too early you won. We won. We won… in the first hour, it was over.”The president highlighted U.S. military gains so far in the 13-day operation, saying of Iran, “They’ve got no navy. They’ve got no air force. They’ve got no anti-air traffic. They have no systems of control. We’re just riding free range over that country.” He also expressed reluctance to leave the region adding, “We don’t want to leave early, do we, huh? We got to finish the job, right?”During the tour of a biotechnology company earlier in the day, a reporter asked the president about his use of the words “excursion” rather than “war” to describe the ongoing military operation. The president has been using “war” less often recently. Trump said, “Well, it’s both. It’s both. It’s an excursion that will keep us out of a war… For them, it’s a war. For us, it’s turned out to be easier than we thought.”Late Wednesday, Trump told Axios the war will end soon, saying there is “practically nothing left to target,” adding, “Any time I want it to end, it will end.”During the president’s trip to Ohio and Kentucky, he announced he would use oil from the government’s reserves in an effort to lower energy prices. The Energy Department said in a statement that the U.S. will release 172 million barrels of oil from the Strategic Petroleum Reserve in coordination with allies. The sales of government assets to private oil companies will take place over the next four months.The statement from the Energy Department also reads in part, “32 member nations of the International Energy Agency unanimously agreed to Trump’s request to lower energy prices with a coordinated release of 400 million barrels of oil and refined products from their respective reserves.”The U.S. uses roughly 20 million barrels of oil per day. Experts say if the war ends soon, the extra supply could trigger a sharp decline in oil prices. According to Hearst Television’s Get the Facts Data Team, the U.S. Strategic Petroleum Reserve levels are near historic lows as tensions with Iran threaten global oil supplies. As of Thursday, AAA reports the average price for a gallon of gas is $3.59, which is about a 22% increase compared to last month.Keep watching for the latest from the Washington News Bureau: PHNjcmlwdCB0eXBlPSJ0ZXh0L2phdmFzY3JpcHQiPiFmdW5jdGlvbigpeyJ1c2Ugc3RyaWN0Ijt3aW5kb3cuYWRkRXZlbnRMaXN0ZW5lcigibWVzc2FnZSIsKGZ1bmN0aW9uKGUpe2lmKHZvaWQgMCE9PWUuZGF0YVsiZGF0YXdyYXBwZXItaGVpZ2h0Il0pe3ZhciB0PWRvY3VtZW50LnF1ZXJ5U2VsZWN0b3JBbGwoImlmcmFtZSIpO2Zvcih2YXIgYSBpbiBlLmRhdGFbImRhdGF3cmFwcGVyLWhlaWdodCJdKWZvcih2YXIgcj0wO3I8dC5sZW5ndGg7cisrKXtpZih0W3JdLmNvbnRlbnRXaW5kb3c9PT1lLnNvdXJjZSl0W3JdLnN0eWxlLmhlaWdodD1lLmRhdGFbImRhdGF3cmFwcGVyLWhlaWdodCJdW2FdKyJweCJ9fX0pKX0oKTs8L3NjcmlwdD4=
The Trump administration is sending more mixed messages about the progress of the U.S. military mission in Iran.
On Wednesday, President Donald Trump spoke about the war during an unrelated economic speech near Cincinnati, Ohio.
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“Let me tell you: We’ve won,” Trump said. “You know, you never like to say too early you won. We won. We won… in the first hour, it was over.”
The president highlighted U.S. military gains so far in the 13-day operation, saying of Iran, “They’ve got no navy. They’ve got no air force. They’ve got no anti-air traffic. They have no systems of control. We’re just riding free range over that country.”
He also expressed reluctance to leave the region adding, “We don’t want to leave early, do we, huh? We got to finish the job, right?”
During the tour of a biotechnology company earlier in the day, a reporter asked the president about his use of the words “excursion” rather than “war” to describe the ongoing military operation. The president has been using “war” less often recently.
Trump said, “Well, it’s both. It’s both. It’s an excursion that will keep us out of a war… For them, it’s a war. For us, it’s turned out to be easier than we thought.”
Late Wednesday, Trump told Axios the war will end soon, saying there is “practically nothing left to target,” adding, “Any time I want it to end, it will end.”
During the president’s trip to Ohio and Kentucky, he announced he would use oil from the government’s reserves in an effort to lower energy prices.
The Energy Department said in a statement that the U.S. will release 172 million barrels of oil from the Strategic Petroleum Reserve in coordination with allies. The sales of government assets to private oil companies will take place over the next four months.
The statement from the Energy Department also reads in part, “32 member nations of the International Energy Agency unanimously agreed to Trump’s request to lower energy prices with a coordinated release of 400 million barrels of oil and refined products from their respective reserves.”
The U.S. uses roughly 20 million barrels of oil per day. Experts say if the war ends soon, the extra supply could trigger a sharp decline in oil prices.
According to Hearst Television’s Get the Facts Data Team, the U.S. Strategic Petroleum Reserve levels are near historic lows as tensions with Iran threaten global oil supplies.
As of Thursday, AAA reports the average price for a gallon of gas is $3.59, which is about a 22% increase compared to last month.
Keep watching for the latest from the Washington News Bureau:
