President Trump is expected to meet U.S. refiners and fuel retailers next week
to discuss measures to lower gasoline prices, sources said. Expected
participants include Valero Energy, Marathon Petroleum and PBF Energy. The
meeting comes as Republicans try to defend a slim congressional majority ahead
of November midterms; U.S. regular gasoline remains above $4/gal, about $1
higher than a year ago. The administration cites the Iran war for tighter
refined-product supplies; major oil companies and refiners posted strong Q2
results, prompting public criticism from Trump and renewed pressure on producers
and refiners to cut prices.
