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Oil barrels from reserves being released to address supply risk as gas prices jump in U.S.

The U.S. and the International Energy Agency are releasing oil from their reserves as the average price of a gallon of gas in the U.S. has jumped 15% since the Iran war began. Kelly O'Grady explains if the moves will…

1 report1 sourceMar 12, 2026, 1:02 PM
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CBS NewsMar 12, 2026, 1:02 PM

Oil barrels from reserves being released to address supply risk as gas prices jump in U.S.

The U.S. and the International Energy Agency are releasing oil from their reserves as the average price of a gallon of gas in the U.S. has jumped 15% since the Iran war began. Kelly O'Grady explains if the moves will have any impact on the cost of gas.

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