Refineries don’t set fuel prices. So who does? Crude costs, tanker rates, refining and a global market all play a role. API’s @T_Mason_H breaks it down 💡

“There are a lot of negative implications for these laws, for not only businesses but for the citizens of Europe." @USAmbEU discussed how burdensome EU regulations like CSDDD could undermine investment, weaken competitiveness and drive up energy costs in a conversation with @HudsonInstitute this morning

After more than a decade of debate over permitting reform, now is the time to get it done. @EnergyUnderSec @DrakeWellMuseum @ForumDrake @ENERGY

API President & CEO @mj_sommers joined @EnergyUnderSec Kyle Haustveit at the birthplace of the modern oil industry today to discuss how permitting reform can help unleash the next generation of American energy leadership. @DrakeWellMuseum @ForumDrake

American oil production is at record levels and growing 📈 @EIAgov reports production rose 2% in the first half of 2026 compared with a year earlier, averaging 13.7 million barrels per day. American energy is adding critical supply as global markets remain volatile.

In 1859, a single well changed the world. More than a century later, the spirit of innovation that began here continues to power American energy. API is proud to support the preservation of Drake Well and the history that reminds us where we've been and inspires where we're headed. @ForumDrake

American producers are delivering record energy ⚡ @EIAgov projects record U.S. oil production in 2026, driven by growth in the Permian Basin and new offshore projects in the Gulf. Continued investment helps strengthen U.S. energy security and meet demand at home and abroad.

A stronger economy starts with smarter permitting  📈 An @ICF analysis commissioned by API found permitting reform could support nearly $24 billion in tax revenue by 2030.

More than 650 major infrastructure projects are awaiting federal approval, representing up to $1.5 trillion in investment 🏗️ Clear timelines and focused reviews can help get projects moving. Read about the Bipartisan American Affordability and Jobs Act in the American Energy Snapshot: linkedin.com/pulse/permittin…

“Washington has a generational opportunity to fundamentally transform a broken permitting system and help address affordability challenges.” — API President & CEO Mike Sommers