The Trump administration plans measures to increase refinery production ahead of midterms to ease rising pump prices.
The U.S. Energy Secretary announced plans to introduce steps aimed at boosting fuel production by refiners. The move targets lower gasoline prices as midterm elections approach, addressing voter concerns over rising costs at the pump.
Fuel prices have climbed steadily in recent months, pressuring household budgets. The administration has not yet detailed specific measures but indicated refiners would be encouraged to maximize output.
Markets are watching for potential policy shifts that could affect energy supply and pricing dynamics in the near term.