00:00It's Benzinga bringing Wall Street to Main Street.
00:02U.S. Energy Secretary Chris Wright said Washington will announce steps within days
00:07to help refiners increase fuel output as Trump seeks to lower gasoline prices, according to Reuters.
00:14Wright said U.S. refineries are already running at record high rates
00:17and that he met with refiners about ways the government could help boost throughput.
00:22The average U.S. price for regular gasoline is more than $4.06 per gallon,
00:27up nearly 30% from a year ago.
00:30Wright said increasing refinery output in the U.S. and elsewhere is key to lowering prices.
00:35He also said Iran is currently unable to export oil
00:39and that the U.S. will continue working to increase traffic through the Strait of Hormuz.
00:43For all things money, visit Benzinga.com.
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