Fuel price adjustment process set for revamp to cut risk of oil-company losses

THE Department of Energy (DoE) said it is considering stepping back from closely regulating pump-price adjustments during the emergency to reduce the risk of oil companies incurring losses. Energy Secretary Sharon S. Garin said the department is considering easing its “emergency level of supervision” but will maintain measures to safeguard consumer interests. “It’s a balancing act. […]