Per your own link, 50% of a barrel of oil goes to gasoline production. If by, "ultra-low sulfur distillate", they mean diesel fuel for road going vehicles, that increases the percentage dedicated to motor vehicle transportation to 75%.
That is pretty staggering. If automotive transportation consumes somewhere between 50-75% of crude oil production, then the fallout from the reduction in that market is going to be very significant. There's no way that growth in the ammonia and rubber boots sector is going to be enough to capture the production excess left by EVs.
Your link has me pretty well convinced that the gasoline market collapse will be swift and extreme.
