Wall Street Journal warns of rising US fuel prices amid export surge

Wall Street Journal warns of rising US fuel prices amid export surge An analysis by the Wall Street Journal said the United States has so far managed to cover domestic energy demand and offset part of the drop in Gulf oil production caused by the war, but warned that pressures are growing as inventories decline and refineries operate at full capacity. The report said American oil producers have only marginally increased output while fuel exports have surged. According to data from Kpler, ports in New York exported 174,000 barrels per day of gasoline, diesel and other petroleum products last month, about 10 times the level recorded a year earlier.