Prices

WASHINGTON, D.C. – Statement from Chet Thompson, President and CEO of the American Fuel & Petrochemical Manufacturers (AFPM) in response to the EPA’s proposed RVOs for 2019

As we head into the Memorial Day weekend, a lot of attention is being paid to the price of gasoline. This is no surprise since over 36 million travelers are expected to hit the roads across the country this weekend - at a time when prices for the crude oil used to make fuels are climbing.

Though consumers buy gasoline locally, prices for the fuel are largely determined by the global market for crude oil from which it is made.

Hurricane Irma passed through Florida and into the Southeast over the weekend, and our thoughts and prayers are with the state and its residents as they begin to recover from this devastating storm.

Fuel supply restrictions resulting from hurricanes and other natural disasters, often lead to price increases as the market reacts to rebalance supply and demand. To protect consumers, many states have enacted price gouging laws that limit a merchant’s ability to raise prices during an emergency. 

WASHINGTON, D.C. – Statement by American Fuel & Petrochemical Manufacturers (AFPM) President Chet Thompson on the House Concurrent Resolution 112, expressing the sense of Congress opposing President Obama's proposed tax on every barrel of oil:

Memorial Day weekend is dedicated to commemorating all the men and women who gave their lives while serving in our country’s armed services.