The U.S. Administration will fill up fast the Strategic Petroleum Reserve (SPR), President Donald Trump said at an investment conference in Miami.

“We’ll fill it up fast, but it’s at the lowest level. When we made the transition, it was at the lowest level in history, ever recorded,” President Trump said. 

“They put it all out because they thought they could keep gasoline prices down a little bit, just go past the election, and after that, they didn’t care,” the President added, criticizing Joe Biden’s administration for failing to curb the hikes in gasoline prices. 

“And it didn’t work because they didn’t get elected. I got elected, but the price of gasoline still rose over 35 percent,” President Trump said. 

The SPR needs to be refilled as the strategic reserve plays a critical role in stabilizing the U.S. market during global supply disruptions.