US refining capacity falls to lowest mark in 8 years amid record prices: EIA

The nation’s capacity to refine crude oil into fuel and other products fell below 18 million b/d at the beginning of 2022 and hit its lowest level since 2014, according to the federal government’s annual refinery capacity report released June 21. The US Energy Information Administration projects the nation’s operable crude refining capacity dipped to 17.94 million b/d as of…