Biden Weighs Minimum Fuel-Storage Mandate as US Reserves Shrink

US President Joe Biden is considering requiring oil companies to store more fuel inside the US as dwindling diesel stockpiles in the Northeast stoke concerns about price spikes this winter, Energy Secretary Jennifer Granholm said Tuesday.

While the US remains a major exporter of diesel to European allies facing an energy crunch, “we also want to make sure there’s enough fuel in the United States,” Granholm told Bloomberg News in an interview at the COP27 climate conference in Egypt.

“It may not be a business choice that they make, but we’re asking, as the companies that are operating in America, ...