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Some have been surprised by recent refining margins, earnings in the refining sector and a seeming disconnect between finished fuel prices and prices of crude oil. There’s a reason for this: in short, while the price of crude oil is the biggest factor determining fuel prices, it’s not the only factor, and there’s particular tightness in the global refined product market which hadn’t been the case until recently. Take a look to see what several analysts, reporters and market experts have explained about this topic.

WASHINGTON, D.C. — The American Fuel & Petrochemical Manufacturers (AFPM), alongside the Alliance for Chemical Distribution (ACD), American Chemistry Council (ACC), the Fertilizer Institute (TFI) and the National Industrial Transportation League (NITL), filed a joint motion urging the Surface Transportation Board (STB) to deny the proposed Union Pacific and Norfolk Southern merger application.

WASHINGTON, D.C. — The American Fuel & Petrochemical Manufacturers (AFPM) submitted comments to the Department of Transportation (DOT) on the Federal Aviation Administration’s (FAA’s) proposed rule for implementing Section 2209 of the Safety and Security Act of 2016 and creating a framework for addressing unauthorized unmanned aircraft systems (UAS or drone) operating near fixed-site critical infrastructure.

WASHINGTON, D.C. — The American Fuel & Petrochemical Manufacturers (AFPM) today applauded the introduction of four Congressional Review Act (CRA) resolutions in the U.S. Senate to overturn California vehicle and engine mandates.

American Fuel & Petrochemical Manufacturers (AFPM) Vice President Midstream and Petrochemicals Rob Benedict today issued the following statement urging support for the Recycled Materials Attribution Act (RMAA).

Supply disruptions tied to the Strait of Hormuz have renewed questions about U.S. energy security and why events halfway around the world still affect energy markets here at home. While we are the world’s largest crude oil producer and make more than enough gasoline, diesel and jet fuel to meet domestic demand, we still import and export both crude oil and refined products.

U.S. refiners play a critical role in moments of supply/demand imbalance. Thanks to their scale, complexity, efficiency and global reach, American refineries keep fuel flowing efficiently here at home while also supplying much-needed gasoline, diesel, jet fuel and other products to our allies abroad.

WASHINGTON, D.C. — The American Fuel & Petrochemical Manufacturers offered the following explanation of fuel price fundamentals.

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.