The latest data from the Energy Information Administration (EIA) reveals that the weekly refinery utilization rates in the United States have fallen to 1%. This marks a decrease from the previous indicator, which stood at 1.9%. The comparison period for this data is week-over-week, showing the change in refinery utilization rates from the previous week.
This update comes as of March 20, 2024, when the EIA data was last updated. The decline in refinery utilization rates could have implications for the energy sector and supply chains. Analysts will likely monitor these figures closely to assess the impact on fuel production and distribution in the United States.
The EIA Weekly Refinery Utilization Rates provide valuable insights into the energy landscape, offering market participants and policymakers a glimpse into the current state of refinery operations in the country. As global economic conditions continue to evolve, such data points play a crucial role in understanding the dynamics of energy markets and their broader implications. Investors and industry stakeholders will be watching closely for further developments in this key economic indicator.
