Operable atmospheric crude oil distillation capacity, our primary measure of refinery capacity in the United States, increased by 2%, or 324,000 barrels per day (b/d), in 2023, according to our recently published Refinery Capacity Report. Every year, refiners in the United States report their capacity as of January 1, which we publish in our Refinery Capacity Report. The 2% increase marks the second consecutive year of U.S. refinery capacity growth, but the 18.4 million-b/d capacity as of the beginning of 2024 remained slightly less than the record on January 1, 2020, of 19.0 million b/d. Much of the increase in U.S. ... (full story)