With national average diesel prices above $6 a gallon and regular gasoline firmly above $4.20, the Trump administration faces mounting pressure to deploy every available policy tool to contain fuel costs ahead of the midterm elections.
Reuters reports late Friday afternoon that the Trump administration is considering whether to use the Defense Production Act to expand U.S. oil refining capacity as the Iran conflict drives up fuel prices. The proposal to use the act came up during a recent meeting between President Donald Trump and nearly a dozen U.S. refiners.
READ MORE: https://www.zerohedge.com/political/trump-admin-weighs-emergency-powers-boost-refining-diesel-tops-6
