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Is that how the reserve works though?
Here in Australia the reserve isn't a bunch of big tanks owned by the government. Its a legislative mechanism requiring fuel retailers to hold a reserve.
It wouldn't make sense for the government to own or manage a reserve because it needs to be cycled constantly (petrol deteriorates quickly, diesel too but less so), and they'd need to replicate skills from the fuel industry.
That being the case I don't think there's a big tank of fuel owned by the government.
Edit: ok it seems I'm absolutely wrong about this.
https://www.energy.gov/hgeo/opr/strategic-petroleum-reserve
Sorry Americans.
As an aside, I don't understand how this works because it's certainly true that fuel doesn't last forever. Maybe you can store raw unprocessed oil indefinitely but not fuel.
The SPR holds mainly crude oil, so you can't just open a gas station and start selling it. It has to be sent to a refinery first, and once that happens the product that comes out is fungible.
In short it would be logistically simpler to just buy gasoline on the market and subsidize it. The subsidy is only 20-30 cents / gal as well.
Found here
In short, yes I believe this to be the case
Disclaimer I'm not American, and I don't really have much actual knowledge on this subject.
...but I THINK the US presidents can actually do this. I'm not sure what the legal mechanism is, but I do remember some chatter some15 years ago about Obama releasing the reserves. This makes me believe that the strategic reserve builds up during normalcy, and can be drained through executive action.
You're correct. That's why the US reserve storage holds oil, not fuel.