Reduced U.S. Refinery Activity Puts Upward Pressure on Gasoline & Diesel Prices
Since early January 2024, U.S. refinery utilization has decreased 11%, falling as low as 81% during the two weeks ending February 9 and February 16, and briefly dropped below the five-year (2019–2023) low. Although U.S. retail average prices for gasoline and diesel are below 2023 prices for this time of year, … [continued]