What’s New
AFPM: Inflation Reduction Act Falls Short
AFPM opposes the Inflation Reduction Act as written. We evaluated the bill against our core principles, specifically whether the legislation would support strong U.S. refining and petrochemical industries and whether it pursued emissions reductions in a market-based and cost-effective manner. Unfortunately, the IRA falls short of these goals.
Are Gasoline and Diesel the Only Commodities that have Gotten More Expensive?
With big earnings being reported in the refining sector and countless stories focusing on national gasoline and diesel prices, it’s natural to want
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.