Why a US crude export ban won’t lower prices at the pump

A proposed crude oil

A proposed crude oil export ban is encountering strong opposition in the oil and gas industry, which argue that such a ban will only hurt drillers and won’t help drivers.

As the Biden Administration considers ways to lower the price of gasoline in the United States, which is now at a seven-year high, it faces calls from Democrats to weigh all possibilities, including the “nuclear option” to reimpose a ban on US crude oil exports.

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