A duo of strong storms that swept through the United States has temporarily disrupted domestic fuel markets, but effective responses by the private and public sectors have limited the fallout from Hurricanes Harvey and Irma for Americans who need fuel critical for commerce.
As American manufacturers champion their contributions to economic competitiveness and product innovation today, the industry has yet another reason to celebrate – U.S. manufacturing employment is still on the rise.
AFPM opposes the Inflation Reduction Act as written. We evaluated the bill against our core principles, specifically whether the legislation would support strong U.S. refining and petrochemical industries and whether it pursued emissions reductions in a market-based and cost-effective manner. Unfortunately, the IRA falls short of these goals.
All eyes are on Hurricane Ian, which is expected to approach Florida’s west coast later Wednesday and into Thursday bringing high winds and massive amounts of rain. Although our nation’s refiners and petrochemical manufacturers do not have facilities in the affected region, we’d like to urge the people in the area to prepare for the storm and heed all evacuation notices. Florida residents can get critical preparedness and evacuation information here .
“Our country has seen time and again that major storms and often-correlated runs on gas stations can have a swift impact on prices. Already in Florida, some key areas are functioning with roughly 20 percent of retail stations either out of gas or out of power. That means there is less supply overall and some temporary inability to access supplies in certain Florida communities where there is, at present, heightened local demand. The market is resilient and will work to fix this imbalance swiftly, but a return to normalcy will likely not be immediate as the supply chain is complex and buyers will need to return to their normal purchasing habits."
AFPM asked collegiate teams to create an original video highlighting the career opportunities within the fuel refining and petrochemical manufacturers industries in addition to showing the benefits our industries provide to everyday lives.
As we approach the 2022 hurricane season, experts are predicting yet another severe year, with some saying it will compare to last year. No one knows how accurate these predictions will be, but we can...
BAYTOWN, TEXAS – A decade ago, when Mike Zamora ran ExxonMobil’s Baytown petrochemical plant, his vision to expand the facility and boost its capacity was nothing but a pipe dream.
HOUSTON — The dog days of summer typically bring one or two hurricanes that lash the U.S. Gulf Coast. The punch of these storms, with their powerful winds and heavy rains, often has the potential to curb production at Gulf Coast refineries that together churn out nearly 50 percent of U.S. motor fuels and are crucial to our economy.