Restricting exports would be a major unforced error for the President, tightening global fuel supplies, throttling U.S. fuel production and increasing costs for American consumers. Likewise, imposing product inventory requirements boils down to siphoning gasoline and diesel into storage, and away from consumers.
Diesel inventories in the United States and around the world are low and there is growing concern about what tight supplies could mean heading into a cold winter. Below, AFPM’s industry analysts explain (1) what’s behind this particular supply chain challenge, (2) how U.S. refiners are adapting operations to meet consumer needs (i.e., running full out and maximizing distillate production) and (3) the role government might play in bringing about resolution.
Limiting California’s access to the exact types of crude oil its facilities need will only increase prices for the state’s consumers and travelers. Drivers are already dealing with gasoline prices in excess of $5 per gallon and the highest fuel taxes of the 50 states. Confining energy producers and consumers to a smaller pool of crude oil will make a very sensitive price environment that much worse.
WASHINGTON, D.C. — AFPM President and CEO Chet Thompson issued the following statement ahead of this week’s Congressional Review Act resolution vote in the House of Representatives to overturn EPA’s regulations that aim to phase out most new gas-powered cars by 2032.
Chet Thompson, President and CEO of the American Fuel & Petrochemical Manufacturers (AFPM), issued the following statement on the Environmental Protection Agency’s proposed rule regarding modifying the interpretation of Clean Air Act Section 211(h)(4) to extend the E10 volatility waiver to E15, on which AFPM today submitted comments.
American Fuel & Petrochemical Manufacturers (AFPM) President and CEO Chet Thompson today applauded the bipartisan passage of H.R. 1435, the Preserving Choice in Vehicle Purchases Act, from the House of Representatives. Chet testified before the House Energy & Commerce Committee in favor of H.R. 1435 earlier this summer.
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.
WASHINGTON, D.C. – “The President’s proposal to waive the rules for E15 is unlawful and could actually make the problems of the Renewable Fuel Standard worse.
AFPM president and CEO Chet Thompson issued the following statement in response to a vote of the California Air Resources Board (CARB) approving California’s Advanced Clean Cars 2 regulation, establishing an escalating ban on the sale of gasoline and diesel-fueled cars and trucks, culminating with a 100% ban by 2035. "California’s radical ban on gasoline- and diesel-fueled cars and trucks will have devastating implications for consumers, energy security and the U.S. manufacturing economy. It is critical that President Biden and the EPA reject California’s request for a Clean Air Act waiver to proceed with this unlawful ban."
The Wall Street Journal editorial board is questioning the legality and rationality of President Trump’s recent order to have the Environmental Protection Agency (EPA) change long-standing Clean Air Act rules to accommodate the year-round sale of E15 fuel (gasoline blended to contain 15-percent ethanol).