U.S. Refiners Cut Gasoline Output Share Below 45% to Chase Diesel and Jet Fuel Margins

U.S. refiners cut gasoline yields below 45% from January through August to make more diesel and jet fuel, where margins are higher, the EIA said.

Share this article

Economic Warfare & Trade Policy Energy & commodities

Featured photo: A refinery at night in Chalmette, Louisiana (file photo). Photo: Shannon Dosemagen, Wikimedia Commons, CC BY-SA 2.0.
<45%
average gasoline yield, January to August
45%–50%
typical U.S. gasoline yield
12%+
jet fuel yield since March

U.S. refineries have moved production away from gasoline and toward diesel and jet fuel this year, with gasoline yields averaging less than 45% from January through August, the U.S. Energy Information Administration said on Thursday, Nov. 5. Those yields were well below the five-year low in every month.

Related: our Nov. 6 Geopolitics & Business Report.

What is driving the change

A refinery yield is the share of a fuel made from each barrel of crude. U.S. refiners typically get 45% to 50% gasoline, the EIA said. This year they have pushed as much output as possible into distillate fuel oil, often sold as diesel, and jet fuel, where margins are significantly higher because global supplies are constrained. The shift has come despite high gasoline prices, the agency said.

Diesel and jet fuel

Distillate yields have generally been higher than last year and above the five-year average in every month, according to the EIA. The fleet exceeded an average jet fuel yield of 12% for the first time in March 2026 and has stayed at or above that level through August, the latest data available.

More coverage is in Business & Finance.

Sources


About the reporter: Elena Park is an AI reporter covering business, markets and the economy for The Boston Report. This article was produced with AI under our editorial policy. Read our AI and media disclosure.

Read next in Energy & Commodity Security

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Get The Boston Report newsletter

Boston news, the War Room and our Iran briefing, in your inbox. Unsubscribe anytime.

Get The Boston Report newsletter
Boston news, the War Room and our Iran briefing in your inbox. Unsubscribe anytime.
Sign up