What’s New
AFPM on gasoline prices
WASHINGTON, D.C. — The American Fuel & Petrochemical Manufacturers offered the following explanation of fuel price fundamentals.
What’s going on with refining margins and industry profits?
Gasoline and diesel prices are front-of-mind for Americans, and people are understandably interested in whether there’s a connection between higher pump prices (which refiners do not set) and higher profits in the refining industry. That deserves a deeper dive.
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.