Ann: FY24 Fourth Quarter Activities Report, page-27

The US are going to have to replenish the strategic reserves at some point. They are still close to record lows. Meanwhile OPEC still hold the house of cards and when they want they will be able to keep the price where they want IMO. Lower oil prices may arrive, but they are not going to last long IMO.
With the climate emergency fear and shutting down the exploration industry, pipelines etc, the Democrats have definitely created issues and should take part of the blame IMO. I understand there are wars etc (which Biden and US government have supported and prolonged), but when you attack an industry due to domestic policy, you are complicit in its fall. If the US were more bullish on oil and gas exploration and production, the supply would be higher and prices would be lower.