U.S. Refineries Make Dramatic Shift Away From Gasoline

S. refineries are producing a smaller share of gasoline from every barrel of crude oil they process and shifting production efforts toward diesel and jet fuel as soaring margins on those products reshape the economics of American refining. S. Energy Information Administration EIA. That's a significant departure for a refining industry that typically produces 45 to 50 barrels of gasoline for every 100 barrels of crude processed.

And even though gasoline prices are elevated, diesel and jet fuel are considerably more profitable to produce as global fuel shortages drive refining margins higher. Distillate fuel oil yields, which include diesel and heating oil, exceeded their five-year average in every month through August. Jet fuel production has undergone an even more pronounced shift. S.