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Cabinet/Departments -> Energy


ItemEnergy
Energy - GeneralGrade
EN-27The Promise: "...will swap oil from the Strategic Petroleum Reserve...to help bring down prices at the pump."
When/Where: Obama and Biden's Plan for America: "Blueprint for Change," dated 10/09/08.
Source: https://assets.documentcloud.org/documents/550007/barack-obama-2008-blueprint-for-change.pdf
Status:When this promise was made in 10/08, gasoline cost an average of $3.80 per gallon, having peaked in 07/08 at around $4.10 per gallon. The ensuing months to President Obama's inauguration saw national average prices per gallon of regular gasoline decline to around $1.90 per gallon.

By 05/09/11, the national average cost of regular gasoline had climbed to $3.97 per gallon. In response on 06/23/11, the Obama Administration released 30M barrels of oil from the Strategic Petroleum Reserve to help Americans during their CY2011 summer vacation travels.

As of 12/31/16, the national average cost of one gallon of regular gasoline was $2.33. In the Contiguous United States (CONUS), California had the highest average cost per gallon at $2.75 whereas South Carolina enjoyed the lowest at $2.08 for regular gasoline. Hawaii and Alaska gasoline prices are usually higher than the CONUS average with $3.00 and $2.64 respectively per gallon of regular gasoline as of 12/31/16. Source: www.gasbuddy.com.

This promise to tap into the Strategic Petroleum Reserve when needed was fulfilled.
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