Refineries are not the story when it comes to retail gasoline prices. Raw materials (in this case crude oil) account for the biggest share of the final price consumers pay.
As I write this in the early afternoon of Monday, May 15, I just finished reading the latest bulletin from DHS on WannaCry, the ransomware virus that has become a lead news story since the weekend.
Vehicle efficiency is not a partisan issue. Every driver wants cleaner, more efficient cars and trucks. They also want them to be affordable, safe and family friendly. Fuel-powered internal combustion engine vehicles offer a range of options that satisfy these criteria, and they’re getting better every year.
Right now, members of Congress are debating a series of taxes as part of the multi-trillion-dollar reconciliation package that could make the crude oil that runs through U.S. refineries more expensive.
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.
Hurricane Ida knocked out power to over one million people and created devastation that will take months to address. But as soon as the storm passed, the fuel and petrochemical industries began stepping up with financial assistance, in-kind donations and in-person support to help affected communities recover and rebuild.
It’s no secret that infrastructure is the backbone of this nation, from roads to bridges to airports and more – America relies on its infrastructure to keep people and our economy moving.
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.
WASHINGTON, D.C. – The U.S. Department of Transportation’s Pipeline and Hazardous Materials Safety Administration (PHMSA) on October 5 announced a new award package valued at almost $8 million that will fund 10 U.S. pipeline safety and R&D projects.
