America’s allies in Europe are determined for various provides of gasoline amid the Ukraine struggle, and U.S. producers are completely satisfied to offer what they’ll. So wouldn’t you realize the Biden Administration now desires to restrict gasoline exports.
That’s the message Vitality Secretary Jennifer Granholm despatched final week in a letter imploring seven main refiners to restrict gasoline exports. We obtained a replica of the letter, which the Administration didn’t launch publicly. Ms. Granholm warns that gasoline inventories on the East Coast are at a near-decade low, and diesel shares are almost 50% beneath the five-year common throughout the area.
