Why A U.S. Crude Export Ban Won’t Lower Prices At The Pump

As the Biden Administration considers ways to lower the price of gasoline in the United States, which is now at a seven-year high, it faces calls from Democrats to weigh all possibilities, including the "nuclear option" to reimpose a ban on U.S. crude oil exports.    Analysts and industry professionals don't see a ban happening, but even the unlikely event of the Administration moving to ban crude exports would not reduce prices at the pump. On the contrary, gasoline prices could rise further, they say.   While President…