Another day and another fact-free diatribe by the president of the United States.
Trump went on his Truth Social (where truth is a rare commodity) and said Democrats have closed down the nation’s refinery capacity, and this is the reason diesel and gas prices are skyrocketing.
Here’s what Trump didn’t tell you:
He has triggered closures of major refinery companies.
The recent closures were corporate decisions by refinery owners, not a mandate by Democrats.
LyondellBasell Industries in Houston made a strategic decision to exit refining in March, 2025, eliminating approximately 264,000 barrels a day. (Categorized as among the 10 best in the U.S)
Phillips 66 in Los Angeles closed in October, 2025, citing uncertain long-term sustainability amid changing market conditions, while also reporting high operating costs and low earnings.
The closure removed 139,000 barrels from the market. Valero, in Benicia, California ended refining in 2026, citing high maintenance costs and other business considerations. The corporation produced 145,000 barrels a day.
Valero also mentioned regulatory hurdles in California, where the are unusually stringent fuel, environmental, emissions, and operating requirements. However, it is not accurate to claim that Democrats or California’s governor ordered these refineries closed, or that regulations in the state are responsible for the fuel crisis in the rest of the country.
The 2025 shutdowns at the LyondellBasell Houston and Phillips 66 Los Angeles refineries cut total US refining capacity by about 400,000 barrels per day. Because the two California closures eliminated roughly 17% of California’s capacity, their impact is concentrated on West Coast fuel supply and prices rather than the broader US market.
It’s correct to say Ukraine’s strikes on Russian refineries affect global energy markets. During his first term, Trump approved the first US provision of lethal weapons to Ukraine, notably Javelin anti-tank missiles. In 2018 and 2019, the United States notified Congress of sales totaling 360 Javelins, plus launchers, training, and related equipment. In other words, US foreign policy, under both Biden and Trump, is responsible for the current crisis.
Diesel and heating oil account for nearly 30% of global petroleum use, with about one-quarter of this supply moving across borders. When Russian refinery exports drop, the impact extends beyond Europe, resulting in rising costs in transport, farming, construction, freight, and heating, all of which contribute to wider inflation.
The Trump administration is responsible for raising oil prices by continuing the war against Iran.
