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.
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.
Visit AFPM’s Hurricane and Weather Event Resource Center for more information on steps being taken to ensure the safety of our members’ facilities, their employees and the communities that surround them.
WASHINGTON, D.C. – Today, Chet Thompson, President and CEO of the American Fuel & Petrochemical Manufacturers, made the following statement regarding the Administration’s announcement of tariffs on products made in Mexico.
WASHINGTON, D.C. — American Fuel & Petrochemical Manufacturers (AFPM) President and CEO Chet Thompson issued the following statement addressing the potential impact of tariffs levied on crude oil and refined products from Canada and Mexico.
We understand the threat that weather events can pose. Our nation’s refiners and petrochemical manufacturers have developed robust preparedness measures that can be taken in the event of a hurricane or extreme weather event.
Hurricane Michael, currently graded as a Category 4 storm, made landfall on the Gulf Coast today, directly hitting the Florida Panhandle and potentially impacting more than 300 miles in the region.
WASHINGTON, D.C. – American Fuel & Petrochemical Manufacturers (AFPM) President and CEO Chet Thompson released the following statement ahead of the North American Free Trade Agreement (NAFTA) negotiating meetings in Mexico City beginning today:
WASHINGTON, D.C. – American Fuel & Petrochemical Manufacturers (AFPM) President and CEO Chet Thompson released the following statement ahead of the North American Free Trade Agreement (NAFTA) negotiating meetings in Mexico City beginning today
