Energy Secretary Jennifer Granholm sent a nasty letter to oil companies basically suggesting that they quit exporting diesel because of the diesel shortage. That request is somewhat counterintuitive to the Biden administration’s record releases from the Strategic Petroleum Reserve which have no restrictions on whether or not that oil could be exported. This administration, when it comes to energy, is totally out of touch with reality.
Had the desired effect :
Even though crude is up 3 % today, Gasoline & Heating oil are down 1 % as traders fear export restrictions.