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
Alberta Premier Jason Kenney recently made the rounds in Washington, talking to lawmakers and State Department officials about the role Canada, and specifically Alberta’s oil sands, can play in ensuring North American energy security and easing American drivers’ pain at the pump. And his...
Published 05/23/22
As the US and Europe move to cut methane emissions, will the demand pull for cleaner LNG spread to price-sensitive Asia? Ben Cahill, a senior fellow at the Center for Strategic and International Studies, published a report this month looking at how concerns about methane emissions might spread...
Published 05/16/22