US oil refiners are planning a heavy slate of plant overhauls in the second quarter, with total production this month off 8.5 per cent compared with the start of the year, according to data from the US Energy Information Administration.[HOUSTON] US oil refiners are planning a heavy slate of plant overhauls in the second quarter, with total production this month off 8.5 per cent compared with the start of the year, according to data from the US Energy Information Administration.
This year's maintenance schedule and higher crude prices helped push US gasoline prices to a national average of US$2.83 a gallon last week, up 26 per cent since the start of the year, according to data from the American Automobile Association. US crude futures rose 32 per cent in the first quarter. Work on refiners' crude distillation units and catalytic crackers helped send volumes down to 15.85 million bpd in the last week of March, from 17.5 million bpd in the first week of January, the EIA said. CDUs generate feedstocks for fuel processing units such as catalytic crackers.
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