Statement from Chet Thompson: A plain reading of the RFS makes clear that Congress intended for the small refinery hardship program to be a lasting safety net. There is no “use it or lose it” provision.
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 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.
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.
Often overlooked in the compendium of efforts toward a cleaner vehicle fleet are bold, industry-led innovations inefficient liquid fuels, vehicle designs and internal combustion engines that continue to dramatically reduce tailpipe emissions.
WASHINGTON, D.C. – AFPM President and CEO Chet Thompson today issued the following statement in response to the Trump Administration’s decision not to appeal the 10th Circuit ruling that would effectively end the small refinery relief program established by Congress under the Renewable Fuel Standard.
America’s refiners and motor gasoline suppliers are facing an unprecedented inventory management challenge as the national response to COVID-19 has reduced domestic demand for fuel.
WASHINGTON, D.C. – President Trump and Commerce Secretary Wilbur Ross are being urged by some to intervene in the energy market and limit refiners’ access to globally sourced crude.
WASHINGTON, D.C. – A bipartisan group of governors from Texas, Louisiana, Oklahoma, Utah, and Wyoming have petitioned EPA Administrator Andrew Wheeler to exercise his agency’s general waiver authority to waive Renewable Fuel Standard (RFS) compliance burdens for the year 2020 due to the experience of severe economic hardship throughout the refining industry and nationally amid COVID-19.