Refineries are not the story when it comes to retail gasoline prices. Raw materials (in this case crude oil) account for the biggest share of the final price consumers pay.
WASHINGTON, D.C. – Chet Thompson, president and CEO of the American Fuel & Petrochemical Manufacturers (AFPM), today issued the following statement in response to comments by Vice President Joseph R. Biden Jr. in last night’s presidential debate
Multi-year, government sponsored study confirms: no scientific support for crude oil vapor pressure limits
An exhaustive study by top scientists at three government agencies in two countries (DOT, DOE, and Transport Canada) has found no evidence for restricting the vapor pressure of crude oil transported by rail.
WASHINGTON, D.C. – President Trump and Commerce Secretary Wilbur Ross are being urged by some to intervene in the energy market and limit refiners’ access to globally sourced crude.
WASHINGTON, D.C. – AFPM President and CEO Chet Thompson today issued the following statement in response to the Trump Administration’s decision not to appeal the 10th Circuit ruling that would effectively end the small refinery relief program established by Congress under the Renewable Fuel Standard.
Later this year, PBF Energy will restart a processing unit at its refinery on the banks of the Mississippi River east of New Orleans.
As we head into the Memorial Day weekend, the unofficial start of the summer driving season, many begin to pay closer attention to gasoline prices.