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Trump Ramps Up Pressure on Squeezed Refiners to Ease Pump Prices

Source: Bloomberg

Energy Markets & PricesElections & Domestic PoliticsRegulation & Legislation

President Trump urged US oil refiners to increase domestic gasoline and diesel output to address high fuel prices and cost-of-living concerns ahead of November’s midterm elections. The push is more political/regulatory pressure than a quantified policy change, leaving the near-term supply impact uncertain for margins and pricing.

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