Trump Meets with U.S. Refiners to Discuss Expanding Capacity and Lowering Gas Prices
President Donald Trump is set to meet with U.S. refiners and fuel distributors on Tuesday as part of an effort by the White House to expand domestic refining capacity and reduce gasoline prices for consumers. The meeting will involve key administration officials, including Interior Secretary Doug Burgum and Energy Secretary Chris Wright, along with representatives from various-sized refiners. The initiative is aimed at addressing rising gas prices ahead of the midterm elections, where affordability remains a top concern among voters. According to recent polling data, nearly half of Americans cite cost of living as their primary issue, while 70% disapprove of Trump's handling of it. The administration has emphasized 'concrete, near-term steps' and is looking at opportunities such as increased refining capacity in response to the influx of Venezuelan crude into U.S. refineries. Earlier this week, Trump announced a deal with Venezuela granting the U.S. majority control over more than 65 billion barrels of oil reserves. This move aligns with broader efforts to boost supply and lower prices amid global disruptions caused by conflicts in Iran.
