AFPM has joined five other associations to call on the Governors of eight states to reject a recent plea from the Auto Alliance – the leading advocacy group for automakers – to increase subsidies and other incentives for electric vehicles (EVs) and zero-emission vehicles (ZEVs), further distorting a market that has failed to materialize despite already receiving generous handouts.
Ethylene, a key building block in plastic and vital to our country’s manufacturing industry, has been thrust into the spotlight due to Hurricane Harvey’s impact on its production process.
Last spring,11-year-old Q’yaron Gadsonrode his bicycle up to a neighbor mowing his lawn to ask if he could assume the job that summer to gain work experience.
The American Fuel & Petrochemical Manufacturers (AFPM) today released a new video highlighting the safety approach and measures used by U.S. refineries with hydrofluoric acid (HF) alkylation units.
Governor Gavin Newsom continues to blame fuel refiners for California’s highest-in-the-nation fuel prices. He couldn't be more wrong. The problem and solution to much of California’s fuel price challenge can be found in Sacramento policy. Take a look to better understand the role of policy in regional price differences, why it’s inaccurate to equate “margins” or “refinery cracks” with “profits,” and why windfall profit taxes are a known policy failure.
Some policymakers are rumored to be considering a ban on crude oil and/or U.S. refined product exports. This would be a mistake. Ending U.S. crude oil or refined product exports won’t help U.S. consumers by lowering prices at pump. In fact, it could make things even worse. Let’s take a closer look at how a refined product export ban would affect gasoline and diesel supplies and, thus, prices in the United States and around the world.
Refinery utilization, measures how much crude oil refineries are processing or “running” as a percentage of their maximum capacity. It tells us roughly how much of our refining muscle is being put to work manufacturing fuel. American refineries are running full-out, at about 95% of total capacity, contributing more fuel—gasoline, diesel, jet fuel, etc.—to the global market than any other country. In fact, U.S. refineries process more crude oil every day than the United States produces, and we make more finished fuels than the United States consumes.
The U.S. refining sector is the most competitive and resilient in the world. Participation in the global market benefits U.S. fuel consumers and fuel manufacturers. An export ban , aimed at U.S...
A Strategic Petroleum Reserve (SPR) release—which basically involves making additional barrels of crude oil available for sale to the world market—is meant to increase global supply. Meeting today’s demand with more supply is a recipe for lower prices. The United States released millions of barrels from our SPR in the past several months, as did many other countries.