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Oil Refinery Input At Record High Levels
U.S. refineries are processing crude oil at their highest rate in at least 25 years, according to new federal data.
The Energy Information Administration reported on Friday that gross inputs to refineries eclipsed 17 million barrels per day in each of the last four weeks, which amounted to a rolling four-week average that's the largest since EIA began tracking weekly data in 1990.
Net exports from U.S. refineries are up by 19 percent over that span.
EIA projections expect refinery runs to slow down in fourth quarter and in early 2016 — as the nation's driving season ends — before increasing to new record highs next summer.
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Without the Keystone, we will go into recession. Or not.
U.S. refineries are processing crude oil at their highest rate in at least 25 years, according to new federal data.
The Energy Information Administration reported on Friday that gross inputs to refineries eclipsed 17 million barrels per day in each of the last four weeks, which amounted to a rolling four-week average that's the largest since EIA began tracking weekly data in 1990.
Net exports from U.S. refineries are up by 19 percent over that span.
EIA projections expect refinery runs to slow down in fourth quarter and in early 2016 — as the nation's driving season ends — before increasing to new record highs next summer.
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Without the Keystone, we will go into recession. Or not.