Bush Administration to Continue Stockpiling Oil Despite High

By: 23 Newsroom
By: 23 Newsroom

Gasoline prices in the United States continue to soar, but the Bush administration says it'll continue to stockpile oil reserves for national security reasons.

The latest report from AAA shows Americans are paying a near-record $1.74 on average for a gallon of regular grades.

Several Democrats at a Senate hearing on the issue Tuesday suggested the administration's diversion of 150,000 barrels of oil a day into the Strategic Petroleum Reserve is contributing to the rise in crude and gasoline costs, but Energy Secretary Spencer Abraham told the panel that filling the reserve is a critical national security goal President Bush is determined not to interrupt.

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