AFPM Welcomes Committee Passage of the Gasoline Regulations Act

WASHINGTON, May 17, 2012 /PRNewswire-USNewswire/ -- American Fuel & Petrochemical Manufacturers President Charles T. Drevna welcomed action by members of the House Energy and Commerce Committee today to pass the Gasoline Regulations Act of 2012.

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The bill, which passed with a vote of 28 - 13, would establish a temporary interagency committee to conduct an analysis of the cumulative impact of regulations faced by fuel manufacturers. In particular, it would examine the impact of and the interaction among Tier 3 fuel standards, greenhouse gas regulations, the Renewable Fuel Standard and ozone NAAQS. Some of the impacts the committee will examine are gasoline prices, capital costs, competitiveness, employment, as well as consumers and public health. Drevna said:

"AFPM welcomes action by the committee to prevent conflicting and costly new regulations that will bring little or no environmental benefit and raise energy costs for consumers. At a time when consumers are facing high prices at the pump and refineries have been threatened with closure or have closed, it is more important than ever to ensure that EPA fully understands the costs associated with regulations before layering new obligations on American fuel manufacturers. Too often, these regulations conflict with one another and are examined in a vacuum, without accounting for the cumulative impacts on America's fuel providers and the consumers we serve. I urge Congress and the administration to support this legislation." 

About AFPM

AFPM, the American Fuel & Petrochemical Manufacturers (formerly known as NPRA, the National Petrochemical & Refiners Association) is a trade association representing high-tech American manufacturers of virtually the entire U.S. supply of gasoline, diesel, jet fuel, other fuels and home heating oil, as well as the petrochemicals used as building blocks for thousands of vital products in daily life. AFPM members make modern life possible and keep America moving and growing as they meet the needs of our nation and local communities, strengthen economic and national security, and support 2 million American jobs.

SOURCE American Fuel & Petrochemical Manufacturers