US President Trump convened a high-level meeting with major oil refinery operators (Marathon, Valero, Chevron, others) to address surging fuel prices—now at historic highs exceeding $4/gallon for gasoline. Rising energy costs pose political pressure ahead of November midterm elections. The discussion covers domestic refining capacity expansion, Venezuela crude import approvals, and the contentious Renewable Fuel Standard (RFS) biofuel blending mandates. Thailand SMEs with US energy supply dependencies should monitor fuel cost trends and potential regulatory shifts.