Story perspectives

Trump Releases 172M Barrels, Khanna Mulls Gasoline Export Ban

5/26/2026

Summary

Story summary

President Donald Trump authorized releasing 172 million barrels from the Strategic Petroleum Reserve to lower energy prices.
U.S. crude inventories fell 17.8 million barrels to 445 million barrels by May 15, with analysts expecting stocks to dip below 400 million barrels in nine weeks, a level not seen since 2014.
Rep. Ro Khanna proposes banning exports when gasoline exceeds $3.12 per gallon for seven days, though economists warn the ban could raise oil prices and weaken U.S. standing.

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Story summary

President Donald Trump authorized releasing 172 million barrels from the Strategic Petroleum Reserve to lower energy prices.
U.S. crude inventories fell 17.8 million barrels to 445 million barrels by May 15, with analysts expecting stocks to dip below 400 million barrels in nine weeks, a level not seen since 2014.
Rep. Ro Khanna proposes banning exports when gasoline exceeds $3.12 per gallon for seven days, though economists warn the ban could raise oil prices and weaken U.S. standing.