Low Carbon Fuel Standard (LCFS)

WASHINGTON, D.C. — American Fuel & Petrochemical Manufacturers (AFPM) President and CEO Chet Thompson issued the following statement on today’s vote by the California Air Resources Board (CARB) amending the state’s 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.