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U.S. Investigates Low Refinery Capacity Utilization and High Gasoline Prices
Dingell, chairman of the U.S. House of Representatives Energy and Commerce Committee, said on the 8th that he has begun an investigation into the low utilization rate of refinery capacity and high gasoline prices.Comprehensive foreign news reported on April 8 that John Dingell, chairman of the U.S. House Energy and Commerce Committee (House Energy and Commerce Committee), said on the 8th that he had begun an investigation into high gasoline prices and low refinery capacity utilization.
With gasoline prices forecast to continue breaking records ahead of the peak summer driving season, U.S. lawmakers are trying to figure out why prices are soaring.
While industry analysts say high crude oil prices are the main driver of rising gasoline prices, some say low refinery capacity utilization is exacerbating the problem.
U.S. refinery capacity utilization fell from about 91% in early January to just over 82% in March, according to data provided by the Energy Information Administration.
The Report fuel report released by AAA Daily Fuel Gauge on the 7th stated that the average retail price of regular gasoline in the United States reached a record high of $3.339 per gallon that day, an increase of 1.5 cents from a day ago and a year-on-year increase of 20.8%. The head of the Energy Information Administration said on the 7th that the retail price of gasoline may have reached $4 per gallon in some parts of the United States, especially California.
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