Skip to content

Biden Is Weighing US Fuel-Export Limits as Northeast's Diesel Stocks Dry Up

  • Granholm acknowledges minimum mandates are on the table
  • US Northeast stockpiles at record low for this time of year
Jennifer Granholm and Joe Biden at White House in Washington, DC.

Jennifer Granholm and Joe Biden at White House in Washington, DC.

Photographer: Al Drago/Bloomberg
Updated on

US President Joe Biden is considering requiring oil companies to store more fuel inside the US as dwindling diesel stockpiles in the Northeast stoke concerns about price spikes this winter, Energy Secretary Jennifer Granholm said Tuesday.

While the US remains a major exporter of diesel to European allies facing an energy crunch, “we also want to make sure there’s enough fuel in the United States,” Granholm told Bloomberg News in an interview at the COP27 climate conference in Egypt.