● ImportantEconomy2 outlets covering this

White House looks to reopen refineries

First publishedJul 30, 20:51 UTC
Last updatedJul 31, 02:31 UTC · 9m ago
11 outletThe Hill11 outletThe Hill
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{beacon} Energy & Environment Energy & Environment The Big Story White House looks to reopen refineries The Trump administration is looking to reopen closed oil refineries, including an embattled one in the Virgin Islands, amid high gasoline prices caused by the Iran war. AP Photo/Damian Dovarganes, File A White House official confirmed to The...

Reported by 2 outlets The Hill. See all sources ↓

The Trump administration wants to reopen some closed oil refineries in the United States. One of them is in the Virgin Islands, which has been struggling to operate. The move is meant to lower high gasoline prices that have risen because of tensions with Iran.

Why it matters

Higher gasoline prices affect the cost of driving and shipping goods. More refinery output could help bring prices down for consumers.

In brief
What does the administration want to do with refineries?
It wants to reopen closed refineries to increase fuel supply.
Why are gasoline prices high now?
Prices are high partly because of market worries about Iran-related tensions.
Where is one of the refineries mentioned?
One refinery is located in the Virgin Islands.
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Both outlets present the same facts and give the same emphasis on the administration's plan and the reason for high prices.

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    White House looks to reopen refineries

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    The Hill
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