How effective are warning labels? Research over the years has generally shown these labels to be broadly ineffective - and it appears this is also true for consumers at the pump, according to a recent survey from the Outdoor Power Equipment Institute (OPEI).
If you happen to be in Washington, D.C. between April 14 and April 26, you should take a walk to the National Mall to check out two presidential gems from our automotive past: President William Taft’s...
By mid-January, news sources have thoroughly exhausted reports on American’s Yuletide spending and attention inevitably turns to the day of reckoning: Tax Day.
Current fuel at the pump contains 10 percent ethanol because Congress passed a law mandating ethanol use. Some are pushing for a higher proportion of 85 percent, known as E85.
In a tight refined product market it has been U.S. refiners that have stepped up. Our industry ran full-out for most of 2022 making sure American consumers, our domestic economic centers and our allies had enough gasoline, diesel and jet fuel to keep everyone moving. Our refining sector leads the world in liquid fuel production and is effectively doing more than any other to bring better balance to the global market.
Publicly owned companies, like many U.S. refineries, have a fiduciary responsibility (which is a legal obligation) to act in the best interest of their shareholders, and that extends to how companies spend their earnings. Often, earnings are spent on a combination of the following: direct dividends, stock buy back programs, paying down debt and capital investment projects.
AFPM President and CEO Chet Thompson issued the following statement in response to President Biden’s State of the Union address: "Using the State of the Union to politicize market fundamentals and single out stock “buy back” programs—while overlooking the fact that the Biden administration’s own policies discourage the reinvestment of earnings back into the U.S. liquid fuel supply chain—cheapens the dialog for everyone."
Eight midwestern governors have petitioned the EPA seeking to opt their states out of the federal 1-pound Reid Vapor Pressure (RVP) waiver which is a requirement to sell the current summertime blend of E10 gasoline. If these requests are granted, the E10 gasoline currently sold in most of the country during summer months will no longer be offered for sale in these states and annual costs to introduce a new gasoline bend will range from $500-$800 million each year.
AFPM President & CEO Chet Thompson was a guest on a recent broadcast of “The Labor & Energy Show”, which airs up and down the Mid-Atlantic coast. Also joining as guests this episode were Kathleen...
