As the world's largest refining country, the development status of the USA refining industry was analysed. Its refining capacity was concentrated in five major regions. The Gulf of Mexico in the PADD3 was not only the USA but also the world's largest refining center. Since 2013, the USA refinery's utilization has been maintained at around 90%, and the margin led the world. With the change of crude oil quality and the continuous upgrading of oil quality, the proportion of catalytic cracking and catalytic reforming was decreased, meanwhile, the hydrogenation capacity was significantly improved, and the plant configuration was continuously optimized. Meanwhile, the newest development trend was summarized. First, thanks to the success of the shale oil and gas revolution, the crude output, production and exports of oil products continued to grow. In 2017 the crude oil dependeny fell to 42.07% and the net export of USA oil products was 438000 barrels/day. Second, in order to improve the competitiveness of the industry and enterprises, the elimination of backward refining capacity and the pace of mergers and acquisitions was further accelerated, and the internationalization was continued to promote. The third was to pay more attention to the overall regionalization and basement development, especially the PADD3 and PADD2 with resources, logistics and market advantages. The forth was to continuously innovate and upgrade traditional refining technologies such as catalytic cracking, hydrocracking and treatment, and alkylation etc, and increase the research and development of cutting-edge technologies including molecular refining, crude oil to chemicals, intelligent refineries etc. In view of the status and development of the USA refining industry, therefore, to achieve high-quality development of the China refining industry in the future, the most basic condition should ensure national oil security. What’s more, under the active guidance of national policies, some measures should be implemented in order to fulfill the "Chinese dream" of refining power, including continuing to advance supply-side structural reform, promoting the base, regional and integrative development, carrying forward internationality, attaching great importance to safety and environmental protection and quality upgrading, and continuous strengthening the scientific and technological innovation through the internal strength.