Story thread · 4 reports / 4 sources

A quiet storm's brewing —and it could change everything before the midterms

alternet.org · 8dShare

It has been more than two months since President Donald Trump’s tentative ceasefire with Iran broke down, and gasoline prices are still high. With the midterm elections looming, the president seems to have turned his attention to the problem, rolling out a series of actions he says will secure more crude oil from Venezuela and exempt refineries from renewable fuel mandates. Most recently, he summoned refiners to the White House earlier this week to discuss ways to lower prices at the pump, although the refiners left without making any public statements and the White House didn’t publish a list of the attendees. This story was originally published by Grist . Sign up for Grist's weekly newsletter here . In the months since the blockade of the Strait of Hormuz, the world has found ways to conserve oil and move Middle East crude around, but structural factors are still keeping prices high. The U.S. average gas price on Thursday was around $4.11 per gallon, up more than 90 percent from this

First report: Why Oil Majors Don’t Want to Build New U.S. Refineries — oilprice.com, 11d