WASHINGTON, D.C. – Statement by American Fuel & Petrochemical Manufacturers (AFPM) President and CEO Chet Thompson following President Donald Trump’s visit to Michigan where he announced the Administration would reopen the current evaluation of auto efficiency standards for Model Year 2022-2025 light-duty vehicles
WASHINGTON, D.C. – “It’s shameful that Administrator Pruitt and Secretary Perdue are considering recommending to the President that he renege on his promise to find a ‘win-win’ solution to the RFS that works for farmers, refinery workers and, most importantly, consumers.
WASHINGTON, D.C. – AFPM filed the attached petition requesting that EPA waive the 2016 RFS cellulosic volumes to avoid “phantom fuel” compliance payments arising from a shortfall in 2016 cellulosic production.
Russian crude oil accounts for just three percent of U.S. crude oil imports and about one percent of total crude oil processed by U.S. refineries. Even still, Russian crude oil imports are important to refineries on the West Coast and Gulf Coast for some distinct reasons. Read more on this topic from AFPM’s industry analysts in their recent assessment: “U.S. Imports of Crude Oil and Petroleum Products from Russia.”
SPR releases cannot be the center of this Administration’s strategy to confront inflation and high energy prices. At best, SPR releases are a short-term fix, they are not a solution. Stability and certainty is what global crude oil markets crave.
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.
AFPM President and CEO Chet Thompson and API President and CEO Mike Sommers sent a letter to President Biden responding to recent letters the Administration sent to major U.S. fuel refiners suggesting that these companies, their workforces and facilities throughout the country aren’t doing their part to bring fuel to the market and lower energy costs for consumers.
We are surprised and disappointed by the President’s letter. Any suggestion that U.S. refiners are not doing our part to bring stability to the market is false. We would encourage the Administration to look inward to better understand the role their policies and hostile rhetoric have played in the current environment.
Current fuel at the pump contains 10 percent ethanol because Congress passed a law mandating ethanol use. Some are pushing for a higher proportion of 85 percent, known as E85.
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.