Trump Set to Meet with Oil Refiners Over High Fuel Prices
President Donald Trump is scheduled to meet with U.S. oil refining executives on September 1, aiming to address persistently high gasoline prices exacerbated by the war in Iran and other market disruptions. The meeting will include representatives from major refiners such as Marathon Petroleum Corp., Chevron Corp., Valero Energy Corp., PBF Energy Inc., and Delek US Holdings Inc. Trump has faced political pressure due to rising fuel costs, which have reached a record seasonal high with gasoline averaging over $4 per gallon nationwide. The meeting comes amid broader efforts by the administration to increase oil supply through potential policy changes and expanded access to Venezuelan crude. Refiners are expected to discuss ways to boost domestic refining capacity or address operational challenges. Trump has already taken steps such as invoking the Defense Production Act and waiving Jones Act requirements for fuel transportation in an effort to stabilize prices.
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Topics: fuel prices oil industry meeting Trump administration