Banning export means everyone would charge import price -0.01$ per unit for their oil products, same as it is now. At least until storage is filled which will take a good bit of time (US strategic oil reserves are basically empty). The US gas prices aren’t high because there is no gas in the US, there is just more profit in selling it overseas.
Banning export means everyone would charge import price -0.01$ per unit for their oil products, same as it is now. At least until storage is filled which will take a good bit of time (US strategic oil reserves are basically empty). The US gas prices aren’t high because there is no gas in the US, there is just more profit in selling it overseas.