Recent Posts

AFPM testifies on legislation to rein in EPA & California efforts aimed at banning internal combustion engine vehicles

AFPM President and CEO Chet Thompson testified before a House Energy & Commerce subcommittee on legislation aimed at preserving U.S. energy security and Americans’ ability to purchase the fuels and vehicles of their choosing while continuing to move the transportation sector in a more efficient and less carbon intensive direction.

AFPM: EPA vehicle proposal will “effectively ban gasoline and diesel vehicles,” advantaging China

AFPM President and CEO Chet Thompson issued the following statement on the Environmental Protection Agency’s (EPA’s) proposal of light- and heavy-duty vehicle GHG emission standards: "EPA's proposal to effectively ban gasoline and diesel vehicles is bad for consumers, the environment, our freedom of mobility and U.S. national security. It’s unconscionable that the Administration would propose this knowing full well that China controls 80% of global battery production capacity..."

U.S. refinery utilization is the quiet hero in a tight refined product market

In a tight refined product market it has been U.S. refiners that have stepped up. Our industry ran full-out for most of 2022 making sure American consumers, our domestic economic centers and our allies had enough gasoline, diesel and jet fuel to keep everyone moving. Our refining sector leads the world in liquid fuel production and is effectively doing more than any other to bring better balance to the global market.

Time for a revisit: What happens with refinery profits… and are “buy backs” a bad thing?

Publicly owned companies, like many U.S. refineries, have a fiduciary responsibility (which is a legal obligation) to act in the best interest of their shareholders, and that extends to how companies spend their earnings. Often, earnings are spent on a combination of the following: direct dividends, stock buy back programs, paying down debt and capital investment projects.

AFPM welcomes Aaron Ringel as Vice President of Government Relations

American Fuel & Petrochemical Manufacturers (AFPM) President & CEO Chet Thompson today issued the following statement on the recent hiring of Aaron Ringel as Vice President of Government Relations: “We are glad to welcome Aaron and immediately put him to work on behalf of AFPM’s members from the refining, petrochemical and midstream energy industries..."

AFPM: Parts of EPA’s RFS proposal “completely contrary” to Congress’s vision

AFPM Senior Director of Fuels and Vehicle Policy, Patrick Kelly, testified during the Environmental Protection Agency’s (EPA’s) public hearing on the proposed Renewable Fuel Standard (RFS) “Set” Rule. EPA’s proposal will stifle advanced biofuels, promote first generation biofuels beyond the market’s ability to absorb them and shift overall RFS growth away from liquid biofuels and into the power electricity sector. This is completely contrary to how congress envisioned EPA’s handling of the program.