President Donald Trump aims to reverse the decades-long decline in the number of US refineries in operation. He believes this measure is key to reducing gasoline prices. Recently, he met with oil executives at the White House to promote this initiative.
A White House spokesperson stated that the president and his energy team will continue to support the reopening of closed refineries, expansion of existing ones, and construction of new refineries. This effort is intended to reduce prices and strengthen national security.
However, having more refineries in the US is unlikely to reduce prices in the short term. Further details on this initiative are available from the source.
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