COVID-19 upended energy markets. Demand disappeared and producers scaled back. Now that economies are reopening, and the demand for goods and services is rebounding, the demand for energy all along the supply chain is increasing, driving up not only the cost of the feedstocks and fuels refineries and petrochemical manufacturers use, but also the cost of the energy used at every step of the supply chain.
Fuel Refiners, Petrochemical Manufacturers Urge Congressional Democrats to Stand Strong, Reject New Taxes on American-Refined Energy, Plastics
Washington, D.C. – AFPM launches seven-figure campaign thanking Democrat champions, warning that reconciliation taxes could lead to higher prices on gas and consumer goods, threaten jobs and undermine U.S. energy security.
Issues and Policies
U.S. refining increased to more than 18.6 million barrels per day, almost 20% of global capacity.
We create the jobs that employ more than 4 million Americans in 33 states.
Petrochemical manufacturers have invested $185 billion to expand operations to meet growing demand.