Refiners urge US EPA to grant biofuel waivers to ease pump prices
Listen now
Description
US oil refiners are pushing back against the Environmental Protection Agency's proposal to deny small refinery exemptions and other aspects of the latest biofuel mandate. They argue the policy will force some plants to close and increase gasoline prices further at a time the Biden administration is looking to ease pain at the pump for US drivers. In its long-awaited Renewable Fuel Standard proposal, EPA adjusted down blending volumes for 2020 and 2021 to take into account the severe drop in transportation fuel demand resulting from coronavirus pandemic lockdowns. Refiners report gasoline and diesel demand inching back up to over 90% of 2019 levels, but a full recovery is not expected until late in 2022. Platts senior writer Janet McGurty spoke with Derrick Morgan, senior vice president for federal and regulatory affairs at the American Fuel & Petrochemical Manufacturers, about the small refinery waivers, RIN market volatility and how refiners view the latest blending targets.
More Episodes
Economic power-house China has set out 10 targets for 2024, which is pro-growth for oil demand, keen on energy security, and prioritizing accelerated industry modernization and development of new productive forces. In this episode of Platts Oil Markets podcast, Managing Editor for refined oil...
Published 03/15/24
After several great years, Capitol Crude is coming to an end. We want to thank all our listeners for tuning in and supporting us over the years. Going forward, you can find Jasmin and Kate contributing to other S&P Global Commodity Insights podcasts, including Platts Oil Markets, Commodities...
Published 03/11/24