FX.co ★ U.S. Refinery Utilization Slips Week-on-Week, Signaling Softer Throughput in Early July

U.S. refinery utilization declined week-on-week, with the latest EIA data showing a -0.8% change for the current period, compared with a 0.5% increase in the previous week. The figures, updated on 08 July 2026, indicate a modest pullback in refinery activity after a prior week of incremental gains.

The comparison is based on week-over-week changes, where the “actual” -0.8% reading reflects the shift from the previous week’s operational levels, and the “previous” 0.5% captures the change recorded in the week before that. While the move points to slightly softer throughput, the data primarily underscores short-term variability in refining operations rather than a clear directional trend for U.S. fuel supply.