WASHINGTON, November 27, 2012 – API Downstream Group Director Robert Greco told reporters this morning that the federal Renewable Fuels Standard should be eliminated because it is not working well and because it will force higher concentrations of ethanol in gasoline that could harm vehicles.
Read MoreWASHINGTON, November 27, 2012 – The American Petroleum Institute (API) filed a lawsuit in the U.S. Court of Appeals for the District of Columbia late Monday against the Environmental Protection Agency (EPA) for its decision to mandate the use of 1.28 billion gallons of biodiesel in 2013, a 28 percent increase from the 2012 requirement.
Read MoreWASHINGTON, November 16, 2012 – Total U.S. petroleum deliveries (a measure of demand) were down 2.3 percent from October a year ago but increased 1.3 percent from this past September to 18.4 million barrels per day. Petroleum demand year to date was down 2.1 percent compared with a year ago. Demand for October 2012 was the lowest for any October since 1995. Monthly Statistical Report, Petroleum Facts at a Glance,Monthly Import Statistics for August 2012 (latest available).
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