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American Petroleum Institute reports that 1 barrel of oil produced 19.4 gallons of gasoline per barrel based on average yields for U.S. refineries in 2000.They also report that The total volume of products made is 2.6 gallons greater than the original 42 gallons of crude oil.
Rating Newest Oldest. Best Answer: The standard barrel of crude oil or other petroleum product (abbreviated bbl) is 42 US gallons (34.972 Imperial gallons or 158.987 L).y the early 1870's, the 42-gallon barrel had been adopted as the standard for oil trade. This was 2 gallons per barrel more than the 40-gallon standard used by many other industries at the time. The extra 2 gallons was to allow for evaporation and leaking during tranport (most barrels were made of wood).