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.
Dallas was abuzz recently with more than a thousand refining and petrochemical industry leaders and top names from the worlds of news, politics and global economics convening for AFPM’s 2024 Annual Meeting. With the contentious 2024 election season, massive regulatory onslaught out of Washington, D.C., and the ever-changing and rebalancing global markets all discussed at the event, five key themes stood out.