JD Vance Says Trump Administration Tapping Wartime Powers to Expand a Texas Refinery — 'We Want Millions of Gallons' (UPDATED)
10/16/2026
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, aiming to increase output of commercial-grade and military-spec fuel. This expansion is expected to lower costs, enhance energy supply reliability, and create hundreds of jobs. Gas prices have surged, with the national average for regular gasoline at $4.33 per gallon, up 41% from a year ago. Following the announcement, Delek US Holdings' shares fell by 2.20% to $78.97.
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