What’s New
RFS reallocation is unlawful, will make EPA’s most expensive reg. more costly to consumers
WASHINGTON, D.C. — American Fuel & Petrochemical Manufacturers (AFPM) President and CEO Chet Thompson issued the following statement on EPA’s decision to reallocate 2025 RFS regulatory relief.
What they’re saying: Why fuel prices aren’t moving in lockstep with crude oil
Geopolitical conflicts, refinery outages, export restrictions and supply chain disruptions have reduced the world's ability to convert crude oil into usable fuels, even as global consumer demand remains strong. The following perspectives from analysts and reporters help explain why fuel prices today aren’t moving in lockstep with crude oil prices, and why refining capacity has become one of the most important factors shaping what consumers pay at the pump.
Issues and Policies
18.6 million
U.S. refining increased to more than 18.6 million barrels per day, almost 20% of global capacity.
$185 billion
Petrochemical manufacturers have invested $185 billion to expand operations to meet growing demand.