It’s an often-overlooked fact that pipelines are the safest way to transport crude oil, natural gas liquids, petrochemicals and refined products on land.
Statement from Chet Thompson: A plain reading of the RFS makes clear that Congress intended for the small refinery hardship program to be a lasting safety net. There is no “use it or lose it” provision.
AFPM members know that petrochemicals are invaluable to the production of countless consumer products. But many Americans may not realize how much they rely on xylene, benzene, butadiene, toluene, ethylene and propylene when they opt to spend time outside.
This week, AFPM joined API and industry associations representing fuel retailers, gasoline marketers, convenience stores and tank truck carriers to field questions from the media about the ongoing fuel distribution challenges resulting from the Colonial Pipeline shutdown.
The fuel and petrochemical manufacturing industries have come a long way from the simple thermal stills used to create kerosene in the 19th century to today’s sophisticated, high-tech and complex facilities that help provide America — and the world — with the fuels, petrochemicals and products that we all rely upon every day.
AFPM President and CEO Chet Thompson and API President and CEO Mike Sommers sent a letter to President Biden responding to recent letters the Administration sent to major U.S. fuel refiners suggesting that these companies, their workforces and facilities throughout the country aren’t doing their part to bring fuel to the market and lower energy costs for consumers.
We are surprised and disappointed by the President’s letter. Any suggestion that U.S. refiners are not doing our part to bring stability to the market is false. We would encourage the Administration to look inward to better understand the role their policies and hostile rhetoric have played in the current environment.
American Fuel & Petrochemical Manufacturers CEO Chet Thompson today issued the following statement on the Biden administration’s announcement that it plans to invoke emergency waiver authority under the Clean Air Act to allow for the incremental sale of E15 fuel this summer.
TLDR; the current high diesel prices are fundamentally the result of demand outpacing supply, as of the posting of this blog. There are four primary drivers of this imbalance.
