The United States has the most complex and efficient refining industry in the world, but we also have less refining capacity than we used to. Where the issue of refining capacity is concerned, it’s important to understand what refining capacity is, why we’ve lost capacity in the United States and how policies can advance the competitiveness of our refineries in the global market.
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...
AFPM President and CEO Chet Thompson and API President and CEO Mike Sommers sent a letter to President Biden responding to recent letters the Administration sent to major U.S. fuel refiners suggesting that these companies, their workforces and facilities throughout the country aren’t doing their part to bring fuel to the market and lower energy costs for consumers.
We are surprised and disappointed by the President’s letter. Any suggestion that U.S. refiners are not doing our part to bring stability to the market is false. We would encourage the Administration to look inward to better understand the role their policies and hostile rhetoric have played in the current environment.
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.
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.
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.
Turnarounds—and the time they require—are critical for safe refinery operations and for the longer-term reliability of U.S. fuel production. But with a smaller number of U.S. facilities shouldering market demands, offline facilities can impact market dynamics. Where turnarounds are concerned, though, refineries take every measure possible to limit any potential disruptions to consumers and fuel supplies.
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.