https://www.live-feeds.com/feed/trump-invokes-cold-war-era-act-to-bolster-u-s-gasoline-productionContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/trump-invokes-cold-war-era-act-to-bolster-u-s-gasoline-productionhttps://www.live-feeds.com/feed/trump-invokes-cold-war-era-act-to-bolster-u-s-gasoline-production#u157783Tue, 27 Oct 2026 10:10:51 +0000President Donald Trump invoked the Cold War-era Defense Production Act to direct up to $150 million toward expanding domestic oil refining and petroleum infrastructure. The executive action follows official determinations that energy production shortfalls present a national defense risk as gasoline prices climb past $4 a gallon and diesel exceeds $6. The federal funding aims to bolster domestic gasoline and diesel fuel production through targeted financial incentives for oil-related activities and refinery expansion.Why it mattersThe Defense Production Act gives the executive branch broad auth