The Washington Post reported oil and gas executives warned the White House that
gasoline prices could rise sharply in coming months as commercial and government
fuel stocks fall to very low levels. Industry officials said inventories that
have tempered price moves are being rapidly drawn down and some stocks could be
exhausted within weeks, coinciding with the US summer driving season. Executives
warned the squeeze would make it harder for the Trump administration to rein in
inflation. Rapidan Energy Group founder Bob McNally said White House officials
are broadly aware and industry concern about summer oil-price upside is
widespread.
