Skip to content
Green
Climate Politics

Biden Officials Float Fuel Export Limit in Meeting With Refiners

  • Granholm raises concerns about low fuel stockpiles in US
  • Minimum inventory requirements raised as policy option
A gas station damaged by Hurricane Ian in Fort Myers, Florida, on Sept. 29.

A gas station damaged by Hurricane Ian in Fort Myers, Florida, on Sept. 29.

Photographer: Eva Marie Uzcategui/Bloomberg
Updated on

Senior Biden administration officials pressed executives from some of the largest US gasoline producers to curtail overseas sales during a tense meeting Friday afternoon, suggesting that without voluntary action, the government could force the industry to stockpile more fuel in US tanks.

Energy Secretary Jennifer Granholm and other administration officials chastised the industry representatives for low diesel stockpiles, floating the possibility of export limits and a requirement for oil companies to hold minimum fuel inventories inside the US, according to people familiar with the matter who asked not be named describing the private virtual meeting.