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About 60% of the crude oil that runs through U.S. refineries is extracted right here at home. However, our refineries run on many different types of crude oil, some of which we don’t produce here or can’t economically transport. In those cases, we use imports.

The federal government is considering levying a range of tariffs on products imported into the United States, potentially including a 25% blanket tariff on all items imported from our North American neighbors, Canada and Mexico. If such tariffs were to include crude oil and refined products, the consequences could be significant.

Pundits and politicians often frame energy technologies like solar generation and liquid fuels as competitors, not companions. But a visit to Flint Hills Resources’ Pine Bend refinery might change their minds.

It is a common misconception that refiners set the price of gasoline. But, in fact, refiners are price takers—not price makers.

We get it. If supply and demand are what determine gasoline prices, you would think mandatory storage of even more gasoline in California might help to keep prices lower for consumers. But it’s not that simple. In fact, mandating that refiners keep significant volumes of gasoline in inventory ALL THE TIME is a recipe to raise everyday fuel costs in the California market and potentially reduce supplies of fuel available to Arizona and Nevada. And what’s worse, there’s no evidence that having more fuel in inventory would stop the occurrence of price jumps.

The U.S. refining industry has a widespread economic impact on our nation. It supports millions of American jobs and pumps billions of dollars into the economy, as documented by the new AFPM report Economic Contributions of U.S. Petroleum Refineries. Report highlights, based on the latest full year of data available through IMPLAN (2022), are featured in this blog.

Every day, U.S. consumers purchase more than 350 million gallons of gasoline to get to work and school, to go on vacation and to see family. But what goes into the price we pay for gasoline?

As we enjoy watching our favorite Olympic events and proudly tally Team USA medals, we can’t help but spot petrochemicals and their supporting role in the Games as well — in our athletes’ high-performance uniforms and sporting equipment, in the flags, nets and world-class venues on display throughout Paris.

Some have taken issue with our choice to describe EPA’s new regulation for model year 2027-2032 passenger vehicles as a “ban on most new gas cars,” and have accused us of exaggerating the administration’s policies. We’d like to explain, once again, why we talk about the policy this way.