American refineries deliver jobs and fuel our economy.
Nationally, the refining industry supports 2.5 million jobs, generates $278 billion in labor income and adds $626 billion to the U.S. economy. In 2023, it contributed $70 billion in federal and $73 billion in state and local taxes, funding essential services and infrastructure.
Our petrochemical manufacturers are strengthening U.S. manufacturing.
Contributing more than $220 billion to the U.S. economy and supporting over 373,000 direct and indirect jobs, petrochemical manufacturers are projected to make more than $12.5 billion in capital expenditures in 2017 alone.
The U.S. is now a well-established net exporter of refined petroleum products.
In 2023, more than 90 billion gallons of petroleum products produced by U.S. refineries were exported to consumers in more than 100 countries. The United States is now the largest exporter of petroleum products in the world, shipping more gasoline, diesel fuel and other petroleum products into the global energy markets than any other country.