2026 AFPM Annual Meeting

The world's premier refining meeting. Executives, decision-makers, and technical experts from across the downstream sector.

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2026 International Petrochemical Conference

The AFPM International Petrochemical Conference is one of the largest petrochemical events in the world, attracting thousands of participants from companies across the globe.

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What’s New

What they’re saying: Why fuel prices aren’t moving in lockstep with crude oil 

by
AFPM Communications
Geopolitical conflicts, refinery outages, export restrictions and supply chain disruptions have reduced the world's ability to convert crude oil into usable fuels, even as global consumer demand remains strong. The following perspectives from analysts and reporters help explain why fuel prices today aren’t moving in lockstep with crude oil prices, and why refining capacity has become one of the most important factors shaping what consumers pay at the pump.

18.6 million

U.S. refining increased to more than 18.6 million barrels per day, almost 20% of global capacity.

4 million

We create the jobs that employ more than 4 million Americans in 33 states.

$185 billion

Petrochemical manufacturers have invested $185 billion to expand operations to meet growing demand.