Ending a 40-year old ban on US crude oil exports would not raise domestic gasoline prices because it would put more petroleum onto global markets where fuel prices are primarily set, a study by the Aspen Institute said on Tuesday. As the US oil boom of the last six years builds an excess of light crude along the Gulf Coast refining hub, calls have risen for Congress and the Obama administration to relax the ban on shipments to global customers (OD Oct.3'14).
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