The latest data released by the Energy Information Administration (EIA) shows that the weekly refinery utilization rates in the United States have decreased to 1.9%. This marks a significant drop from the previous rate of 3.4%. The information was last updated on March 13, 2024, and the comparison period provided is Week-over-Week.
The EIA Weekly Refinery Utilization Rates are crucial indicators of the level of activity in the refining sector and can have an impact on energy markets. A lower utilization rate may indicate reduced demand for refined products or maintenance activities at refineries. Analysts will be closely monitoring future data releases to assess the implications of this decline and its possible effects on the energy industry and the broader economy.
