Trump Administration Leverages DPA to Expand Delek Refinery, Aiming to Lower Fuel Prices Ahead of Midterms

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The Trump administration is utilizing the Cold War-era Defense Production Act (DPA) to expand Delek US Holdings' (DK) refinery capacity in Tyler, Texas. Vice President JD Vance announced the move, stating the goal is to increase commercial and military-spec fuel production to lower consumer fuel costs ahead of the November midterm elections . This initiative is part of broader White House efforts to tame fuel prices, which have become a key issue for voters. While the specific funding and capacity increase details are not yet public, refinery expansions are typically capital-intensive and take significant time .

Trump administration to expand a Delek Texas refinery using Defense ​Production ⁠Act

Trump administration to expand a Delek Texas refinery using Defense ​Production ⁠Act

INVESTING.COMOct 14, 12:00 AM UTC
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