Wright Says US to Boost Fuel Refinery Output as Hormuz Disruptions Continue
Trump said the increase in fuel prices was a relatively small cost for preventing Iran from having nuclear weapons.
TL;DR
- U.S. government to announce measures to help refiners increase fuel production.
- Goal is to bring down gasoline prices.
- U.S. refineries are running at record high levels.
- High fuel prices are linked to the war in Iran disrupting global oil supplies.
- Some refineries in the Middle East are operating at reduced capacity.
- U.S. aims to further ramp up refinery output.