Global crude oil markets drive prices at the U.S. pump, meaning it’s time to end the ban on oil exports, a consortium of U.S. oil companies said. A report from the Energy Information Administration finds U.S. gasoline prices are driven more by the international price for crude oil than the U.S. index, West Texas Intermediate. George Baker, executive director at industry consortium Producers for American Crude Oil Exports, said the EIA report suggests U.S. restrictions on crude oil exports are outdated. “That’s why removing the ban will not raise gasoline costs for consumers and it will create jobs, generate economic growth, and increase domestic oil production, which will provide greater energy security for the United States,” he said in a statement e-mailed Thursday to UPI. Policy enacted in the […]