Annual
This dataset tracks annual over time.
Latest Value
2.24
Year-over-Year Change
-20.46%
Date Range
1/1/1986 - 1/1/2024
Summary
The Annual Gulf Coast Refinery Capacity trend measures the total crude oil refining capacity at refineries located along the U.S. Gulf Coast. This metric is closely watched by energy analysts and policymakers to assess the region's ability to meet domestic and global petroleum demand.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Gulf Coast region is home to the largest concentration of petroleum refining capacity in the United States, accounting for over 50% of the nation's total refining capabilities. This data series tracks the total crude oil distillation capacity of refineries situated along the Gulf Coast, which spans Texas and Louisiana.
Methodology
The data is collected and reported annually by the U.S. Energy Information Administration.
Historical Context
Refining capacity is a key indicator of the petroleum industry's production potential and can influence global energy prices and supply dynamics.
Key Facts
- The U.S. Gulf Coast accounts for over 50% of the nation's total refining capacity.
- Annual Gulf Coast refining capacity has remained relatively stable in recent years.
- Refining capacity is a critical factor in the global petroleum supply chain.
FAQs
Q: What does this economic trend measure?
A: The Annual Gulf Coast Refinery Capacity trend measures the total crude oil refining capacity at refineries located along the U.S. Gulf Coast.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by energy analysts and policymakers to assess the region's ability to meet domestic and global petroleum demand.
Q: How is this data collected or calculated?
A: The data is collected and reported annually by the U.S. Energy Information Administration.
Q: How is this trend used in economic policy?
A: Refining capacity is a key indicator of the petroleum industry's production potential and can influence global energy prices and supply dynamics.
Q: Are there update delays or limitations?
A: The data is reported annually, so there may be a delay in the most recent figures becoming available.
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Citation
U.S. Federal Reserve, Annual Gulf Coast Refinery Capacity (AGASUSGULF), retrieved from FRED.