AI Summary

President Donald J. Trump announced that the Department of Energy will allocate up to $150 million in Defense Production Act Title III funding to expand petroleum production, storage and logistics at refineries across the United States. The money is intended to boost domestic output of gasoline, diesel, jet fuel and other petroleum products, with the goal of increasing U.S. refining capacity by millions of gallons per day and lowering prices for families and businesses. Secretary of Energy Chris Wright said the funding counters previous policies that led to refinery closures and strengthens America’s energy security.

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