American Fuel & Petrochemical Manufacturers (AFPM) President and CEO Chet Thompson today issued the following statement on Canada’s decision to finalize regulations banning sales of new gasoline, diesel, flex fuel and traditional hybrid vehicles nationwide by 2035.
The House of Representatives is expected to vote on the Choice in Automobile Retail Sales (CARS) Act (H.R. 4468) in the coming week. This legislation, originally introduced by Representative Tim Walberg (MI-5) earlier this year, would prohibit the federal Environmental Protection Agency (EPA) from finalizing its proposal to require roughly 70% of new car and truck sales to be “zero tailpipe emission” in less than 10 years.
Washington, D.C., December 4, 2023 – Today, ahead of the House of Representatives’ consideration of H.R. 4468, the Choice in Automobile Retail Sales Act (CARS Act), the American Fuel & Petrochemical Manufacturers (AFPM) released the results of a national survey fielded among n=1,089 likely general election voters. The data show Americans strongly oppose EPA’s vehicle tailpipe emissions proposal for model years 2027-2032 and are less likely to vote for candidates who support banning sales of gas-fueled vehicles.
A new letter from a coalition of nearly 60 national and state energy, fuel retailer, auto parts and agriculture groups was just sent to House Speaker Mike Johnson and Minority Leader Hakeem Jeffries urging bipartisan support for H.R. 4468, the Choice in Automobile Retail Sales Act (CARS Act), ahead of Wednesday’s scheduled vote on the measure.
WASHINGTON, D.C. – AFPM President and CEO Chet Thompson issued the following statement today applauding the bipartisan passage of the Choice in Automobile Retail Sales Act (CARS Act), H.R. 4468, from the House of Representatives.
WASHINGTON, D.C. — Today, the American Fuel & Petrochemical Manufacturers (AFPM) testified before the U.S. Environmental Protection Agency (EPA) urging President Biden and the EPA to deny California’s petition for a federal Clean Air Act waiver that the state would use to enact a full ban on sales of new gasoline, diesel, flex fuel and traditional hybrid vehicles.
American Fuel & Petrochemical Manufacturers (AFPM) President and CEO Chet Thompson today applauded the bipartisan passage of H.R. 1435, the Preserving Choice in Vehicle Purchases Act, from the House of Representatives. Chet testified before the House Energy & Commerce Committee in favor of H.R. 1435 earlier this summer.
AFPM President and CEO Chet Thompson issued the following statement in response to the White House’s latest announcement of a release of crude oil from the SPR: “The SPR was never meant to serve as a substitute for actual crude oil production. At best, SPR releases are a short-term fix, not a long-term solution or signal of stability to a market craving reassurance..."
Earnings in commodities-based industries tend to be cyclical. Because of the up-and-down reality of refining, it would be a mistake to regulate or legislate based on the high points. A few quarters of earnings don’t provide an accurate representation. That context is important for answering the question of what happens with refinery profits and whether using earnings to “buy back” stock from shareholders is an appropriate use of those funds.
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.
