AFPM President and CEO Chet Thompson issued the following statement regarding President Biden’s suggestion that a Windfall Profit Tax should be considered to address fuel supplies and prices: “Once again, the President is more worried about political posturing before the Midterms than he is about advancing energy policies that will actually deliver for the American people."
Restricting exports would be a major unforced error for the President, tightening global fuel supplies, throttling U.S. fuel production and increasing costs for American consumers. Likewise, imposing product inventory requirements boils down to siphoning gasoline and diesel into storage, and away from consumers.
WASHINGTON, D.C. - Statement from Chet Thompson, President and CEO of the American Fuel & Petrochemical Manufacturers (AFPM) in response to the EPA’s proposed RVOs for 2019
In a tight refined product market it has been U.S. refiners that have stepped up. Our industry ran full-out for most of 2022 making sure American consumers, our domestic economic centers and our allies had enough gasoline, diesel and jet fuel to keep everyone moving. Our refining sector leads the world in liquid fuel production and is effectively doing more than any other to bring better balance to the global market.
WASHINGTON, D.C. – The American Fuel & Petrochemical Manufacturers’ (AFPM) President and CEO Chet Thompson testified before the U.S. House Energy and Commerce Subcommittee on the Environment today on the challenges and opportunities of high octane fuels and high-efficiency vehicles.
WASHINGTON, D.C. – Statement by American Fuel & Petrochemical Manufacturers (AFPM) President and CEO Chet Thompson following President Donald Trump’s visit to Michigan where he announced the Administration would reopen the current evaluation of auto efficiency standards for Model Year 2022-2025 light-duty vehicles
