Energy Department to Utilize Defense Production Act Funds for Refinery Expansion

The U.S. Department of Energy (DOE) announced plans to allocate up to $150 million in Defense Production Act (DPA) Title III funding to enhance domestic petroleum production, storage, and logistics at refineries nationwide. This initiative aims to increase the production of gasoline, diesel, jet fuel, and other petroleum products, thereby strengthening America's fuel supply and potentially lowering prices.