Newsroom

TLDR; the current high diesel prices are fundamentally the result of demand outpacing supply, as of the posting of this blog. There are four primary drivers of this imbalance.

Oil markets are famously sensitive to uncertainty. Global conflict can send prices higher on concerns that crude oil supplies could be disrupted. This is playing out in response to Russia’s unprovoked acts of war against Ukraine. Russia is a major supplier of crude oil and other energy products globally, though less so in the United States. In recent days, many market participants have committed to stop purchasing Russian oil. Shipping companies are concerned about loading cargoes from Russia and some shippers are finding the cost associated with such cargoes too high. These moves are tightening an already tight market.

AFPM President & CEO Chet Thompson sent a letter House Speaker Nancy Pelosi and Minority Leader Kevin McCarthy expressing AFPM’s opposition to H.R. 7688, the Consumer Fuel Price Gouging Prevention Act.

Safety has always been and will continue to be the top priority of the refining and petrochemical industries — which is why refiners and petrochemical manufacturers are consistently ranked in the top industries for safety, out of more than 500 U.S. manufacturing industries.

American Fuel & Petrochemical Manufacturers (AFPM) President and CEO Chet Thompson is pleased to announce the promotion of Geoff Moody to Senior Vice President of Government Relations and Policy and Fernando “Nando” Gomez to the position of Senior Director of Government Relations.

To produce essential goods for U.S. and global consumers, AFPM members need a safe, reliable and efficient rail system to move materials to and from refineries and petrochemical facilities.

Today, the American Fuel & Petrochemical Manufacturers (AFPM) issued the following statement regarding revisions made to the National Environmental Policy Act (NEPA) Phase 1 regulations by the Council on Environmental Quality.

American Fuel & Petrochemical Manufacturers CEO Chet Thompson today issued the following statement on the Biden administration’s announcement that it plans to invoke emergency waiver authority under the Clean Air Act to allow for the incremental sale of E15 fuel this summer.