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2:34Now PlayingWhere US gets its oil from and how strategic petroleum reserve is used | JUST THE FAQS
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2:34Now PlayingThe U.S. is the largest crude oil producer in the world, but it still relies on oil from other countries. Here's why.
RELATEDRising gas prices could affect your next road trip
Amid record inflation and skyrocketing gas prices, President Joe Biden is expected to again lean on the country’s strategic petroleum reserve for relief. This time the president announced plans to release up to 180 million barrels of oil — up to 1 million a day — from the reserve, the largest withdrawal in the reserve's history.
Biden first dipped into the reserve in November, when he announced the release of 50 million barrels of oil from the stockpile in an attempt to bring down energy prices. That was before Russia, one of the world’s largest oil producers, invaded Ukraine in February, driving the west to impose tough sanctions on Russian oil and putting a further strain on the world’s oil supply.
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