US 2010 Oil Refining Capacity Highest in 29 Years

Reuters reports that U.S. oil refining capacity increased to the highest level in nearly three decades during 2010.

The market news is quoted as saying:

There were 148 refineries operating in the U.S. at the beginning of 2011 with a capacity to produce 17.7 million barrels of petroleum products a day, up 0.9 percent, or 152,000 barrels per day, from the pervious year, the EIA said.

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