USAJournal·2 days ago·Saturday, October 24, 2026, 10:27 AM

Trump Reaches Into the Cold War Playbook To Boost Domestic Oil Refining

President Donald Trump is invoking the Defense Production Act to expand America’s petroleum refining capacity, authorizing up to $150 million in federal funding as the administration searches for ways to increase gasoline and diesel supplies amid sharply higher fuel prices. Trump signed a presidential determination Thursday declaring domestic petroleum production, refining, pipelines, storage and other ...

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