Limiting California’s access to the exact types of crude oil its facilities need will only increase prices for the state’s consumers and travelers. Drivers are already dealing with gasoline prices in excess of $5 per gallon and the highest fuel taxes of the 50 states. Confining energy producers and consumers to a smaller pool of crude oil will make a very sensitive price environment that much worse.
Governor Gavin Newsom continues to blame fuel refiners for California’s highest-in-the-nation fuel prices. He couldn't be more wrong. The problem and solution to much of California’s fuel price challenge can be found in Sacramento policy. Take a look to better understand the role of policy in regional price differences, why it’s inaccurate to equate “margins” or “refinery cracks” with “profits,” and why windfall profit taxes are a known policy failure.
WASHINGTON, D.C. – “The President’s proposal to waive the rules for E15 is unlawful and could actually make the problems of the Renewable Fuel Standard worse.
We have made significant investments to reduce emissions. We have invested hundreds of billions of dollars to produce even cleaner gasoline and diesel fuels and improve the environmental performance and efficiency of our facilities and operations.
Chet Thompson, President and CEO of the American Fuel & Petrochemical Manufacturers, today issued the below statement on the association’s ongoing work.
WASHINGTON D.C. – Chet Thompson, president and CEO of the American Fuel & Petrochemical Manufacturers (AFPM), today released the following statement in response to the Environmental Protection Agency’s efforts to modify how it approaches cost-benefit evaluations of its environmental rules.