Low Carbon Fuel Standard (LCFS)

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.

Chet Thompson, President and CEO of the American Fuel & Petrochemical Manufacturers, today issued the below statement on the association’s ongoing work.

WASHINGTON, D.C. – “The President’s proposal to waive the rules for E15 is unlawful and could actually make the problems of the Renewable Fuel Standard worse.

Years ago, Congress passed a law that mandated biofuels such as corn ethanol to be blended into our nation’s gasoline supply.