Fuel Products

We recently celebrated the anniversary of the Apollo 11 moon landing — a monumental achievement for both American ingenuity and human curiosity.

Summertime means sunshine, sundaes and summer travel, so it’s no surprise that many Americans spend more time this season on the road, on the water and in the air. Whether vacationing or visiting family and friends across the country and around the world, petroleum fuels 90% of transportation energy demand in the United States and remains the number one source of energy worldwide.

AAA expects roughly 45 million travelers to head out of town and go at least 50 miles from home over the upcoming Memorial Day weekend, breaking a 20-year travel record in the process. The vast majority of these travelers—nearly 90%—are likely to be road warriors, driving cars and trucks fueled by American-made gasoline.

The downstream segment encompasses refineries and petrochemical manufacturing facilities that process crude oil and natural gas liquids into finished products. There are 131 operable refineries in the United States that manufacture essential energy products, including gasoline, diesel and jet fuel.

The midstream segment moves and stores feedstocks and finished products — including fuels, natural gas, natural gas liquids and petrochemical products — using an integrated system of pipelines, ports and waterways, railroads, roadways and storage facilities.

Members of the upstream segment explore for and extract crude oil, natural gas and natural gas liquids (NGLs). Crude oil and NGLs are used as feedstocks to produce fuels and petrochemicals, and in some cases directly as sources of energy and natural gas is used as a source of energy.

It is a common misconception that refiners set the price of gasoline. But, in fact, refiners are price takers—not price makers.

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.

California has officially asked the Biden administration for permission to ban the sale of new gasoline and diesel vehicles by 2035—an unprecedented move that will deny millions of Americans the ability to choose for themselves the types of cars or trucks they want to drive. The decision is entirely up to President Biden...