Refinery Roadblocks: How Oil Majors Are Holding Back the Tap The recent White House meeting between President Trump and oil executives highlighted the disconnect between Washington's expectations and the refining industry's harsh realities.
As gasoline prices continue to soar, with Labor Day weekend prices expected to shatter records, the administration is counting on American refiners boosting production to ease the pinch at the pump. However, U. S.
refiners are already operating at maximum capacity, their facilities stretched to the limit as they struggle to meet demand amidst a global supply crunch exacerbated by the ongoing Iran crisis.