Every day, AFPM members make products that improve our lives and contribute to human progress — including fuels like gasoline, diesel and jet fuel that facilitate access to vital health services, and petrochemicals used as building blocks to create healthcare equipment, devices and technologies.
Current fuel at the pump contains 10 percent ethanol because Congress passed a law mandating ethanol use. Some are pushing for a higher proportion of 85 percent, known as E85.
A 15-year rise in U.S. exports of refined products continued in 2019 with our nation exporting more than ever, underscoring the importance of these products to fueling a growing world.
WASHINGTON, D.C. – AFPM President and CEO Chet Thompson released the following statement on the rioting that took place at the U.S. Capitol on January 6, 2021.
A nationwide 95 RON octane standard for vehicles can deliver major carbon reductions in the nation’s light-duty auto fleet faster and at a lower cost than any other proposal being considered by policymakers right now, especially policies seeking to force nationwide vehicle electrification.
The cost of Renewable Fuel Standard (RFS) compliance credits, specifically D6 renewable identification numbers (RINs), is out of control. Sales of D6 RINs for conventional ethanol recently registered above $1.90 (the highest trades in history).
The Renewable Fuel Standard is more expensive in 2021 than at any other point in the program’s 15-year history. Soaring RFS prices signal that the RIN bank could run dry.
As I write this in the early afternoon of Monday, May 15, I just finished reading the latest bulletin from DHS on WannaCry, the ransomware virus that has become a lead news story since the weekend.
