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April 14, 2025--Researched by Industrial Info Resources (Sugar Land, Texas)--As the U.S. summer driving season looms, petroleum refineries across the nation are preparing for annual maintenance. Energy markets are indicating gasoline prices will be lower when compared with previous summers, and refiners will be mindful of consumers who find it less costly to fill their tanks.
Industrial Info is tracking nearly 50 maintenance-related projects in the U.S. Petroleum Refining Industry that are set to kick off in the second quarter, the bulk of which are set to commence before the end of April. Planned work in the U.S. is expected to reduce crude throughput at refineries by an average of 256,000 barrels per day (BBL/d) in the second quarter, compared with 494,000 BBL/d for the same period last year, according to IIR's refinery capacity insights.
Companies featured: CITGO Petroleum Corporation, PDV Holding, Petróleos de Venezuela, Elliott Investment Management, Marathon Petroleum Corporation (NYSE:MPC) and HF Sinclair Corporation (NYSE:DINO).
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