Biden has oil export ban under reviewThe USA was once the land of cheap gasoline. The requested analysis is expected to include a study of how an export ban would affect gasoline prices if imposed for 30 or 60 days. An export ban would be the Biden administration's most radical move yet to bring down gasoline prices, which skyrocketed over the summer and have recently continued to rise. The move, however, underscores the growing consideration within the Biden administration of possible export restrictions. Biden administration officials are also concerned about low fuel supplies in the northeastern United States.

Source: The Munich Eye October 07, 2022 06:51 UTC