U.S. refiners had a gross refining margin of **** U.S. dollars per barrel in 2024. This was less than half the annual average refining margin in 2023 and follows reduced oil products demand and consequently a decrease in crude oil prices, especially in the latter half of 2024. For 2025, notable refinery closures could have a positive impact on profit margins in the near term.
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ADI Analytics. (February 23, 2025). Annual average gross refining margin in the United States in 2023 and 2024, with a forecast for 2025 (in U.S. dollars per barrel) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 24, 2026, from /statistics/1559759/annual-gross-refining-margin-united-states/
ADI Analytics. "Annual average gross refining margin in the United States in 2023 and 2024, with a forecast for 2025 (in U.S. dollars per barrel)." Chart. February 23, 2025. ÌÇÐÄÆƽâ°æ. Accessed July 24, 2026. /statistics/1559759/annual-gross-refining-margin-united-states/
ADI Analytics. (2025). Annual average gross refining margin in the United States in 2023 and 2024, with a forecast for 2025 (in U.S. dollars per barrel). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 24, 2026. /statistics/1559759/annual-gross-refining-margin-united-states/
ADI Analytics. "Annual Average Gross Refining Margin in The United States in 2023 and 2024, with a Forecast for 2025 (in U.S. Dollars per Barrel)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 23 Feb 2025, /statistics/1559759/annual-gross-refining-margin-united-states/
ADI Analytics, Annual average gross refining margin in the United States in 2023 and 2024, with a forecast for 2025 (in U.S. dollars per barrel) ÌÇÐÄÆƽâ°æ, /statistics/1559759/annual-gross-refining-margin-united-states/ (last visited July 24, 2026)
Annual average gross refining margin in the United States in 2023 and 2024, with a forecast for 2025 (in U.S. dollars per barrel) [Graph], ADI Analytics, February 23, 2025. [Online]. Available: /statistics/1559759/annual-gross-refining-margin-united-states/
