Oil Crisis Hits America's Gas Tanks | Topeka News

Oil prices are surging past $100 a barrel as tensions with Iran escalate, while America’s Strategic Petroleum Reserve hits a 40-year low—down from 400 million barrels to a dangerously thin reserve. Built in 1975 to shield the U.S. from supply shocks, this safety net is now under fire, with gas prices in Wichita up 73 cents from last year. Experts warn without tapping the reserve, prices could soar to $5–$6 a gallon—devastating for consumers. Global conflicts, including strikes on Russian refineries and Ukraine’s ongoing turmoil, keep prices high with no sign of relief. Meanwhile, congressional gridlock stalls efforts to replenish the reserve, turning a long-term problem into a looming threat to economic stability. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/2c63811181724fb9