FACTBOX-Studies on Fuel Price Reaction to Lifting U.S. Export Ban

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Date

July 27, 2015

News Type

Media Highlight

Source

Reuters

In early 2014, Resources for the Future, a nonprofit energy and environmental research group, concluded U.S. gasoline prices would fall by about 2 to 7 cents a gallon if exports were allowed. The report, "Crude Behavior: How Lifting the Export Ban Reduces Gasoline Prices in the United States," concluded that lifting the ban would help global refiners process the type of oil they are configured for, which could help lower prices in the United States and abroad.

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