JD Vance Says Trump Administration Tapping Wartime Powers to Expand a Texas Refinery — 'We Want Millions of Gallons'

10/15/2026
Impact: 50
Energy

Vice President JD Vance announced that the Trump administration will utilize the Defense Production Act to expand fuel production at Delek US Holdings Inc.'s refinery in Tyler, Texas. This expansion aims to increase the output of commercial-grade and military-spec fuel, potentially lowering costs and creating hundreds of jobs. The national average gas price currently stands at $4.33 per gallon, reflecting a 41% increase from the previous year, amid rising geopolitical tensions affecting oil prices. Shares of Delek US Holdings fell 2.20% to $78.97, but showed a slight recovery in after-hours trading.

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