By Julianne Geiger Of OilPrice.com
Operable refining capacity in the United States hit a nearly decade low in 2022, the EIA’s latest Refining Capacity Report showed on Tuesday.
U.S. refining capacity fell this year to 17.94 million barrels per day as of January 1, according to the latest EIA data—down from 18.09 million bpd on January 1 last year. U.S. refining capacity is now the lowest it’s been since 2014.
The total number of operable refineries rose to 130, up from 129 last year, with the number of operating refineries increasing by 1 to 125.
Compared to operable U.S. refining capacity as of January 1, 2020, this year’s refining capacity has decreased by more than a million barrels per day.
U.S. crude oil refinery inputs