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.
AFPM is very pleased with this ruling and hopes that EPA now moves expeditiously to provide critical relief to those small refineries that have demonstrated disproportionate economic harm.
Refineries are not the story when it comes to retail gasoline prices. Raw materials (in this case crude oil) account for the biggest share of the final price consumers pay.
Right now, members of Congress are debating a series of taxes as part of the multi-trillion-dollar reconciliation package that could make the crude oil that runs through U.S. refineries more expensive.
It’s no secret that infrastructure is the backbone of this nation, from roads to bridges to airports and more – America relies on its infrastructure to keep people and our economy moving.
COVID-19 upended energy markets. Demand disappeared and producers scaled back. Now that economies are reopening, and the demand for goods and services is rebounding, the demand for energy all along the supply chain is increasing, driving up not only the cost of the feedstocks and fuels refineries and petrochemical manufacturers use, but also the cost of the energy used at every step of the supply chain.
Three-quarters of the way through an unprecedented year marked by a pandemic, an economic downturn and market volatility — and with a historic election just days away — we sat down with AFPM Chief...
WASHINGTON, D.C. – AFPM President & CEO Chet Thompson today issued the following statement on the joint effort spearheaded by West Virginia Senator Shelley Moore Capito and 14 of her colleagues.
WASHINGTON, D.C. – Members in the House and Senate, led by Sen. John Cornyn and Rep. Vicente Gonzalez, sent a letter this week to President Trump urging him to address issues of unfair market access for U.S. energy companies doing business in Mexico. Chet Thompson, President and CEO of AFPM, echoed these calls with the following statement.
