U.S. Refiners Are Preparing For A Potential Fuel Export Ban

U.S. refineries are preparing themselves for the possibility that President Biden could impose a ban on fuel exports after the White House dangled the threat of the ban in front of refiners. No action has been taken to date, but with the mid-terms coming up and fuel prices continuing to rise, this could soon change.

Earlier this month, the White House requested that the U.S. Department of Energy (DoE) assess the potential impact of banning fuel exports – including gasoline, diesel, and other refined petroleum products. The move suggested…