The industry worldwide varies the production of gasoline and diesel seasonly proving that it is a manipulated ratio.
I don’t need to spend time on google to learn. I am designing upgrading projects at multiple refineries now.
You can ignore the difference in the initial and final yield ratios if you like. But this is done worldwide.
In the example discussed at the beginning of this discussion, the need for the other fuels remains unchanged.
Cheers.
“24 April 2008 - Crude oil fell for a second day in New York after the dollar rose against the euro, reducing the appeal of commodities to investors, and a government report yesterday showed U.S. stockpiles increased more than expected...
Crude oil contracts have become attractive to investors seeking to offset a 14 percent decline in the dollar against the euro in the past year. When the dollar strengthens, oil loses some of its appeal as an inflation hedge.”
Summary of Weekly Petroleum Data for the Week Ending April 18, 2008
U.S. crude oil refinery inputs averaged 14.8 million barrels per day during the week ending April 18, up 591,000 barrels per day from the previous week’s average.
Refineries operated at 85.6 percent of their operable capacity last week.
Gasoline production moved slightly higher compared to the previous week, averaging nearly 8.9 million barrels per day. Distillate fuel production rose last week, averaging 4.1 million barrels per day.
U.S. crude oil imports averaged 10.0 million barrels per day last week, up nearly 1.2 million barrels per day from the previous week.
Over the last four weeks, crude oil imports have averaged more than 9.5 million barrels per day, 711 thousand barrels per day below the same four-week period last year.
Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 1.0 million barrels per day. Distillate fuel
imports averaged 261,000 barrels per day last week.
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 2.4 million barrels from the previous week.
At 316.1 million barrels, U.S. crude oil inventories are in the lower half of the average range for this time of year.
Total motor gasoline inventories decreased by 3.2 million barrels last week, and are at the upper limit of the average range.
Both finished gasoline inventories and gasoline blending components inventories decreased last week.
Distillate fuel inventories decreased by 1.4 million barrels, and are in the lower half of the average range for this time of year.
Propane/propylene inventories increased by 2.2 million barrels last week.
Total commercial petroleum inventories increased by 0.7 million barrels last week, and are in the lower half of the average range for this time of year.
Total products supplied over the last four-week period has averaged 20.7 million barrels per day, up by 0.8 percent compared to the similar period last year.
Over the last four weeks, motor gasoline demand has averaged nearly 9.3 million barrels per day, up by 0.9 percent from the same period last year.
Distillate fuel demand has averaged nearly 4.3 million barrels per day over the last four weeks, up 0.5 percent from the same period last year.
Jet fuel demand is 1.3 percent lower over the last four weeks compared to the same four-week period last year.