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Biden Administration Urges Fuel-Export Cuts to Restock Northeast

  • ‘Emergency measures’ may be needed if refiners don’t act
  • Energy Department points to below-normal Northeast stocks
Joe Biden

Joe Biden

Photographer: Anna Rose Layden/Bloomberg
Updated on

The Biden administration is warning refiners that it may take “emergency measures” to address fuel exports as stockpiles of gasoline and diesel fuel remain near historically low levels in the Northeast. 

While East Coast gasoline and diesel inventories are well below normal, exports of US refined products are at an all-time high, the Energy Department wrote in a letter last week to refiners that included Exxon Mobil Corp., Valero Energy Corp., and Phillips 66