"The biggest factor in the latest decline of refining capacity was closure of the 255,600-bpd Alliance, Louisiana, refinery, following extensive damage from last year's Hurricane Ida. That was only partially offset by capacity expansions at other refineries, the EIA said.
With capacity down, fuel demand is up thanks to the global recovery from the COVID-19 pandemic. Also, shifts in market flows due to the Russian invasion of Ukraine have placed new strains on U.S. refiners. The nation's plants are running at about 94% of operable capacity, the highest since September 2019."