The United States will soon purchase 3 million barrels of oil in order to replenish the country's dwindling Strategic Petroleum Reserve, the Department of Energy said Friday.
tapped into the country's Strategic Petroleum Reserve earlier this year to slow down rising gas prices.The Department of Energy said the new purchase is "a good deal for American taxpayers" since the repurchasing price will be lower than the $96 per barrel average price it was originally sold for.
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