17:29 - 21.05.2026

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May 21, Fineko/abc.az. The U.S. Department of Energy has published a report on another sharp decline in commercial oil and gasoline reserves in the country.

ABC.AZ informs, citing foreign media, that according to weekly data on May 15, country’s commercial oil reserves decreased by 7.864 million barrels. Gasoline inventories declined by 1.548 million barrels.

In general, in the period from April 24 to May 15, commercial oil reserves in the U.S. "lost weight" more than by 15 million barrels. Analysts attribute this to an increase in exports amid the Middle East crisis and the continued high utilization of refineries (nearly 92% of capacity). In addition, the U.S. Strategic Petroleum Reserve (SPR) has also been severely reduced, losing 9.9 million barrels in just one week.

According to experts, although the White House is trying to provide the domestic market with oil and regulate prices, these steps have not yet had the desired effect. Currently, the average price of gasoline in the U.S. has reached $4,555 per gallon. Since February, the cost of this type of fuel has increased by 49%. Diesel fuel costs even more - $5.65 per gallon, which means an increase of 54% compared to February.