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 E

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.