Banning oil exports can be a critical misstep. For one factor, the U.S. imports a variety of gasoline, notably to the East Coast, house to greater than a 3rd of nationwide demand. These barrels are priced off the worldwide Brent benchmark. There’s a good likelihood that banning exports of U.S. barrels, whereas crashing the worth of West Texas Intermediate, would strengthen Brent, working towards aid on the pump.
https://www.washingtonpost.com/enterprise/power/on-gasoline-prices-biden-is-more-therapist-than-doctor/2021/11/11/b72f8f94-42e7-11ec-9404-50a28a88b9cd_story.html?utm_source=rss&utm_medium=referral&utm_campaign=wp_business | On Gasoline Costs, Biden Is Extra Therapist Than Physician