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United States Oil Message Board

  • lizahuang54321 lizahuang54321 Apr 22, 2014 1:37 PM Flag

    WSJ: crude export ban resulting in higher US gas prices

    "Gasoline prices have increased about 60 cents in recent weeks and gasoline inventories are the lowest since 2011, according to the WSJ, in part because the ban on crude exports means US refineries see strong export demand for gasoline and diesel fuel. As a result, gasoline prices are rising despite ample and growing crude supply and relatively low crude prices. Easing up the export rules would allow US crude to be refined in foreign refineries, allowing US refiners to produce for the US market."

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