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Why California’s refinery inventory mandate is a bad idea

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.

Petrochemical Industry Experts Showcase

8:00 - 8:45 am: S&P Global Commodity Insights – Petrochemicals: Feedstock Availability, New Markets and the Investment Cycle: Our experts will cover the impact of the energy transition on global petrochemical feedstock markets, from the future of the US ethane advantage to the availability of aromatics feedstocks as gasoline demand peaks. Many value chains are overbuilt and yet the industry needs to be planning substantial investment now to meet long term demand growth. The changing geopolitical landscape is shifting trade patterns and as China develops self-sufficiency, new export markets are emerging.
Tony Potter, Vice President, Chemicals, Derivatives, Plastics & Materials
Darryl Rogers, Vice President, Commodity Insights, LPGs/NGLs
Walt Hart, Head of Global Olefins & Derivatives
Andrew Neale, Executive Director, Aromatics

8:45 - 9:30 am: Chemical Market Analytics by OPIS, A Dow Jones Company – Global Competitive Theatre: U.S. Increasing Competitive Advantage: The Trump Administration's impact on the chemical sector will be manifold - from the impact on regulations, feedstock availability, the retreat from ESG, sectoral growth opportunities, encouragement for trade & domestic production, disruptions in global trade, the impact on tariffs on trade and investments, to how chemical sector partnerships evolve - make for a fascinating analysis. Join our experts in thought-provoking presentations and discussion as we look into the future.
Dewey Johnson, Senior Vice President, Dow Jones & Global Head of Chemical Market Analytics by OPIS
Carlo Barrasa, Vice President, Global Energy & Feedstock Markets, Chemical Market Analytics by OPIS
Steve Lewandowski, Vice President, Global Olefins and Derivatives, Chemical Market Analytics by OPIS
John Mathew, Vice President, Global Business Development, Chemical Market Analytics by OPIS

9:30 - 10:15 am: Petrochemicals – Business Not as Usual: Technology is shaping industrial and scientific processes but also determining employee skill sets and customer interfaces and preferences. The convergence brought by technologies in these areas presents opportunity: the intentional leverage of industry and technology intersections can propel innovation, operational excellence, and competitiveness. Deloitte’s research shows companies that adopt strategies that help them weather uncertainty while positioning them competitively in the high-tech future may improve their positions significantly. In this Industry Showcase we will explore several important trends for companies to consider while developing strategies, that include cost efficiency, end market growth, innovation, sustainability, and supply chain improvements all powered by new tech and new ways of working to be most competitive.
Mike Bechtel, Deloitte’s Chief Futurist
Kate Hardin, Deloitte’s Executive Director for Energy, Resources, and Industrials
Dave Yankovitz, Deloitte’s Principal Chemical Industry Leader
Bob Kumpf, PhD. Managing Director
Session Start End
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cars in a row

Ahead of CARS Act vote, national survey finds majority oppose EPA tailpipe proposal

Washington, D.C., December 4, 2023 – Today, ahead of the House of Representatives’ consideration of H.R. 4468, the Choice in Automobile Retail Sales Act (CARS Act), the American Fuel & Petrochemical Manufacturers (AFPM) released the results of a national survey fielded among n=1,089 likely general election voters. The data show Americans strongly oppose EPA’s vehicle tailpipe emissions proposal for model years 2027-2032 and are less likely to vote for candidates who support banning sales of gas-fueled vehicles.

Josetta Jones

Chief Diversity & Inclusion Officer
Chevron U.S.A. Inc.
Highway

Coalition of nearly 60 groups urge support for CARS Act ahead of Wednesday vote

A new letter from a coalition of nearly 60 national and state energy, fuel retailer, auto parts and agriculture groups was just sent to House Speaker Mike Johnson and Minority Leader Hakeem Jeffries urging bipartisan support for H.R. 4468, the Choice in Automobile Retail Sales Act (CARS Act), ahead of Wednesday’s scheduled vote on the measure.