Biden Gasoline Export Ban Could Backfire With Higher Pump Prices

Dwindling fuel inventories and climbing pump prices ahead of the November election have the White House mulling a clampdown on fuel exports in the hopes that shoring up supplies will bring relief to consumers.

But doing so could backfire, according to energy experts and economists. Gulf Coast refineries could slash production, spurring higher prices in some parts of the country and leaving some regions with even less fuel than before. Here’s a look at some of the possible consequences:

Northeast Would Suffer

Limiting exports doesn’t guarantee that US fuel will reach the parts of the country that need it. Not ...