The Real Reason Gas Prices Are So High

Most people have probably never heard of the Strategic Petroleum Reserves (SPR) maintained by the US department of energy currently housing more then 727 million barrels of crude oil. The reserves were originally created to mitigate future petroleum supply disruptions during the 73-74 oil embargo. With the oil embargo long past the reserves now seem rather foolish. To put things into perspective the 727 million barrels housed in the reserve would account for a 58 day supply of oil to the entire nation (we use about 12 million barrels per day). If the oil was allowed to enter the market the price at the pump would drop by about 30 cents per gallons