Overview

• Amos Hochstein, a top energy adviser, emphasized the need to keep gas prices low for American consumers.
• The administration has already released significant amounts from the Strategic Petroleum Reserve (SPR) to combat high prices.
• Current gas prices have decreased but remain higher than pre-2021 levels.
• Efforts to replenish the SPR have been ongoing but have not restored pre-drawdown levels.
• Energy Secretary Jennifer Granholm mentioned potential acceleration in SPR replenishment by year-end.