EIA: Weekly US refinery inputs set new record in July

08/04/2014
Refinery inputs reached a record-high of 16.8 million b/d in each of the past 2 weeks, exceeding the previous record from summer 2005, according to the US Energy Information Administration. Inputs at refineries in the Midwest and Gulf Coast have been particularly high, reflecting these refineries' access to lower-cost crude oil, expansions of refining capacity, and increases in both US demand and exports. Refinery gross inputs in the Midwest have been higher than the 5-year range since late April, as shown by EIA's This Week in Petroleum. Typically Midwest drivers use more motor gasoline in the summer, and some of that has come from the Gulf Coast. However, because of the recent and plann...
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