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Oil executives send a blunt message to Americans on gas prices
Key takeaways
- The same person gave it an unusually specific deadline: mid-to-late June, according to E&E News.
- The White House's response was immediate and direct.
- "Politico's anonymous sources are wrong," a White House official said, while an Energy Department official added there have been no such discussions about inventory levels, according to E&E News.
Oil executives send a blunt message to Americans on gas prices Hillary Remy Mon, June 15, 2026 at 3:07 AM GMT+7 6 min read CL=F "You're hitting tank bottom." That is the phrase one oil industry executive used to describe the state of global petroleum inventories, in a conversation the executive said had already been shared with senior officials in Washington. The same person gave it an unusually specific deadline: mid-to-late June, according to E&E News.
The White House's response was immediate and direct.
"Politico's anonymous sources are wrong," a White House official said, while an Energy Department official added there have been no such discussions about inventory levels, according to E&E News.
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