Summertime means sunshine, sundaes and summer travel, so it’s no surprise that many Americans spend more time this season on the road, on the water and in the air. Whether vacationing or visiting family and friends across the country and around the world, petroleum fuels 90% of transportation energy demand in the United States and remains the number one source of energy worldwide.
WASHINGTON, D.C. — The American Fuel & Petrochemical Manufacturers (AFPM) recently submitted comments on the Environmental Protection Agency’s (EPA’s) proposed Renewable Fuel Standard (RFS) volumes for 2026 and 2027.
EPA’s RFS reallocation proposal could raise Americans’ 2026-2027 RFS bill to $150 billion, but if soybean oil prices jump significantly, total costs could reach $190 billion.
