US refinery news

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On 25 August 2025, the Monday before Labour Day weekend, the retail price of regular gasoline averaged US$3.15/gal. across the US, 5% (or US$0.17 cents/gal.) lower than at the same time in 2024, the EIA has reported.

Five years after the COVID-19 national emergency was declared, gasoline demand, distillate demand, and jet fuel demand all remain less than pre-pandemic averages, the US EIA has reported.

A major reconfiguration project is set to begin at ExxonMobil’s Baytown, Texas, US, complex that will increase the production of products like base stocks and diesel.

US jet fuel consumption growth has slowed in 2025, following a period of rapid consumption growth after 2020, as US air travel recovered from the COVID-19 pandemic, the EIA has reported.

The AFPM President and CEO has responded to the EPA’s actions to address the backlog of nearly 200 small refinery exemptions.

The US Energy Information Administration (EIA) expects a significant decline in the price of oil as growth in the global supply of oil vastly surpasses growth in demand for petroleum products.

The AFPM have recently submitted comments on the Environmental Protection Agency’s (EPA’s) proposed Renewable Fuel Standard (RFS) volumes for 2026 and 2027.

The US EIA has reported that energy prices were more volatile in the 2Q25 amid uncertainty from concerns over economic growth as well as geopolitical tensions in the Middle East.

Topsoe, a provider of technology and solutions for the energy transition, has been selected as the renewable diesel technology partner for CountryMark’s Mount Vernon, Indiana refinery, US.