US to release 172 million barrels of oil from strategic reserve to combat energy price hike

More like a week

The world uses 102 million barrels per day.

https://www.worldometers.info/oil/

And the article says they'll be releasing it over the course of 120 days. Maybe it'll bring the price down by a few percent, not enough to be noticeable.

It's just not practical to store enough oil to make any long term difference, we use too much of it and it's too valuable to leave lying around unused.

For a sense of scale:

• The US uses 20.1m barrels of crude oil per day.
• About 20m barrels of crude go through the strait of Hormuz every day.