The White House has taken steps to address rising fuel costs by directing $150 million toward increasing domestic production of gasoline and diesel under the Defense Production Act. The move, outlined in a presidential memorandum, aims to alleviate consumer financial strain at the pump amid growing concerns over energy prices. Officials emphasized the urgency of stabilizing fuel costs, though details on how the funds will be allocated remain under review. The decision marks a direct federal intervention in the energy sector to support production capacity.
President Trump invoked the Defense Production Act on Thursday, announcing that the government would be spending $150 million toward boosting domestic gas and diesel production as the White House looks to ease consumer pain at the gas pump. The announcement was made in a presidential memorandum earlier on Thursday, but the president detailed the exact...
