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

> The EIA reported that US refining capacity fell below 18 million barrels per day, the lowest level in eight years, amid record prices. Refining capacity could dip further by the end of 2023, and the hurricane season has just begun.

- Date: 2022-06-21 · published 2022-06-21T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/41121-us-refining-capacity-falls-to-lowest-mark-in-8-years-amid-record-prices-eia
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Shrinking refining capacity limits diesel supply growth and keeps product prices elevated, which raises transport and processing costs for feed buyers.

## Read by commodity

- WTI: neutral
- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2024-11-13 | [US refiner margins to stabilize next year as plant closures cut supply, EIA says](https://feedsoft.ai/events/27577-us-refiner-margins-to-stabilize-next-year-as-plant-closures-cut-supply-eia-says.md) | +1.3% | +0.6% |
| DIESEL | 2022-11-03 | [EIA: What's Behind the Rapid Increases in Diesel Prices? - Fuels Market News](https://feedsoft.ai/events/7919-eia-what-s-behind-the-rapid-increases-in-diesel-prices-fuels-market-news.md) | +7.6% | -14.4% |
| DIESEL | 2022-02-22 | [And now it’s 2013: DOE/EIA diesel price rises to level of 9 years ago - FreightWaves](https://feedsoft.ai/events/42897-and-now-it-s-2013-doe-eia-diesel-price-rises-to-level-of-9-years-ago.md) | +7.9% | +38.8% |
| DIESEL | 2024-02-01 | [EIA: U.S. crude stockpiles rise, products draw on low refining rates](https://feedsoft.ai/events/31856-eia-u-s-crude-stockpiles-rise-products-draw-on-low-refining-rates.md) | +0.7% | -4.3% |
| DIESEL | 2018-07-31 | [EIA: U.S. Distillate Fuel Inventories Are Low for This Time of Year - Fuels Market News](https://feedsoft.ai/events/64209-eia-u-s-distillate-fuel-inventories-are-low-for-this-time-of-year-fuels-market.md) | -1.4% | +2.2% |
| WTI | 2023-08-23 | [US crude stockpiles fall as refining runs hit 2020 high - EIA \| Reuters](https://feedsoft.ai/events/34755-us-crude-stockpiles-fall-as-refining-runs-hit-2020-high-eia-reuters.md) | +1.1% | +11.6% |
| WTI | 2025-01-08 | [US crude stocks at Cushing fall to decade-low, fuel inventories surge, EIA says](https://feedsoft.ai/events/10349-us-crude-stocks-at-cushing-fall-to-decade-low-fuel-inventories-surge-eia-says.md) | +4.3% | -4.6% |
| WTI | 2022-11-03 | [EIA: What's Behind the Rapid Increases in Diesel Prices? - Fuels Market News](https://feedsoft.ai/events/7919-eia-what-s-behind-the-rapid-increases-in-diesel-prices-fuels-market-news.md) | -4.7% | -9.9% |

## Sources

- spglobal.com: https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/oil/062122-us-refining-capacity-falls-to-lowest-mark-in-8-years-amid-record-prices-eia

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.