AAA expects roughly 45 million travelers to head out of town and go at least 50 miles from home over the upcoming Memorial Day weekend, breaking a 20-year travel record in the process. The vast majority of these travelers—nearly 90%—are likely to be road warriors, driving cars and trucks fueled by American-made gasoline.
Members of the upstream segment explore for and extract crude oil, natural gas and natural gas liquids (NGLs). Crude oil and NGLs are used as feedstocks to produce fuels and petrochemicals, and in some cases directly as sources of energy and natural gas is used as a source of energy.
The midstream segment moves and stores feedstocks and finished products — including fuels, natural gas, natural gas liquids and petrochemical products — using an integrated system of pipelines, ports and waterways, railroads, roadways and storage facilities.
The downstream segment encompasses refineries and petrochemical manufacturing facilities that process crude oil and natural gas liquids into finished products. There are 131 operable refineries in the United States that manufacture essential energy products, including gasoline, diesel and jet fuel.
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.
WASHINGTON, D.C. — American Fuel & Petrochemical Manufacturers (AFPM) President and CEO Chet Thompson issued the following statement on the final results of the 2024 general election.
WASHINGTON, D.C. — American Fuel & Petrochemical Manufacturers (AFPM) President and CEO Chet Thompson today issued the following statement on EPA’s actions to address the backlog of nearly 200 small refinery exemption (SRE) petitions under the Renewable Fuel Standard (RFS).
That’s looking like a hard no. The Environmental Protection Agency is attempting to finalize the largest and most expensive Renewable Fuel Standard (RFS) mandate in history. This would significantly increase costs for American refiners and consumers.
WASHINGTON, D.C. — American Fuel & Petrochemical Manufacturers (AFPM) President and CEO Chet Thompson today issued the following statement on Senator Mike Lee’s introduction of the “Protect Consumers from Reallocation Costs Act”.
