Oil Executives Warn White House of Impending Gasoline Price Surge as Inventories Deplete

Oil and gas executives have warned the White House that gasoline prices could surge in coming months as fuel inventories fall to critical lows, complicating the Trump administration's efforts to contain inflation that has already rattled American consumers.

Industry officials say they are doing everything they can to sound an alarm that prices are about to soar as the commercial and government inventories that have mitigated price rises so far are rapidly depleting.

Some inventories could be wiped out within weeks.