Pres. Trump is saying that he is not looking to tap into the strategic petroleum reserve or SPR.Trump was critical about the SPR reduction during the Biden Presidency. However, the Strategic Petroleum Reserve (SPR) is currently estimated to hold around 415 million barrels of crude oil, which is modestly higher than the level near the end of the Biden administration. At that time, the reserve stood at roughly 400–402 million barrels following partial efforts to refill the reserve after the large emergency drawdowns in 2022. That means the SPR has increased by only about 10–15 million barrels since Trump took office at the start of 2025. The price of oil moved down from around $80 at the start of the Trump administration to a low near $55.00. The price is currently at $79.17. Despite the modest increase, the reserve remains well below historical levels. The SPR has a maximum capacity of about 714 million barrels, meaning it is currently a little more than half full. By comparison, the reserve held close to 695 million barrels in 2017, before years of congressionally mandated sales and the significant emergency releases that took place in 2022. As a result, while the reserve has been gradually rebuilt, it remains far below its earlier peak levels.Trump's Chief of Staff Susie Wiles is also reportedly telling his advisors to bring ideas to the Oval Office to lower gasoline prices in the wake of the US attack on Iran. This is according to Politico citing sources.Some ideas:A temporary holiday on the gasoline taxUsing the US military to defend energy infrastructure in the Middle East.A gallon of regular gas has moved up from $2.89 a month ago to $3.25 today. That is a rise of 12.5% This article was written by Greg Michalowski at investinglive.com.