What’s New
What refiners are doing about the global diesel crunch
Diesel is the fuel of the global economy. It powers agriculture, heavy shipping and freight. Diesel costs, therefore, trickle down and get reflected throughout the economy, so it’s no wonder Americans and consumers everywhere want to know what’s going right now with diesel.
AFPM: Final CAFE rule puts program back on solid legal footing, but cost-savings would be undercut by fuel export bans
WASHINGTON, D.C. — American Fuel & Petrochemical Manufacturers (AFPM) President and CEO Chet Thompson issued the following statement on the Trump administration’s release of a final rule for revised 2027-2031 Corporate Average Fuel Economy Standards (CAFE).
Issues and Policies
18.6 million
U.S. refining increased to more than 18.6 million barrels per day, almost 20% of global capacity.
$185 billion
Petrochemical manufacturers have invested $185 billion to expand operations to meet growing demand.