Trump Presses Refiners to Boost Fuel Output as Gasoline Tops $4 a Gallon
Updated
Updated · Yahoo Finance · Sep 1
Trump Presses Refiners to Boost Fuel Output as Gasoline Tops $4 a Gallon
3 articles · Updated · Yahoo Finance · Sep 1
Summary
$4-a-gallon gasoline and nearly $6 diesel pushed Trump to summon about a dozen refining and fuel-distribution executives to the White House and demand more domestic output.
The closed-door meeting focused on how to expand refining capacity, with discussions covering regulatory changes, faster permitting and additional investment, according to a White House official.
Refiners used the session to challenge the administration's record biofuel-blending quotas, arguing the Renewable Fuel Standard is unattainable at current levels and is lifting pump prices.
The pressure campaign underscores Trump's political vulnerability before November's midterms, as fuel costs remain at the highest seasonal levels on record during the US war on Iran.