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The gasoline crack spread finished higher at $3.05 a barrel.
He had some questions about confirms that we sent him for a fuel oil crack spread trade done in April.
Last week, that so-called crack spread was $59 a barrel, according to Northwest.
However, the average overall crack spread for the nine month period was significantly lower than the same period last year.
The combination could see a recovery in crack spread, although it could take time.
The fuel oil crack spread worsened on the rally in crude.
A crack spread is the difference between the cost of oil and the price refiners charge for motor fuel.
Based on the secondary processing units in place, the facility likely follows a 3-2-1 crack spread.
This premium, known as the crack spread, has been great for US refineries.
In comparison, at one point last spring, crack spreads reached as high as $37 a barrel.
Further out, the crack spreads were also weaker.
Crack spreads started to rise in May this year, but have slumped since the start of October.
Vince, Just let you know crack spread option trading is peaking up volumes.
The outages have boosted the traditional simple measure of margins, known as the 3:2:1 crack spread.
Gasoline demand (is) still exceptionally weak and we expect more crack spread weakness off of these numbers,' he added.
But the grade can also be run for gas oil, whose crack spread has hit record highs near $40 a barrel above Dubai quotes.
Crack spreads have jumped to a 15-month high above $20 a barrel, tracking gains in the United States.
Fuel oil crack spreads have hit record lows of around -$40 as a result of the poor fundamentals.
Crack spreads indicate the difference between the price of crude oil and the price at which the refined products are sold.
The French strike helped gas oil futures gain 60 cents relative to crude, with the crack spread standing at $26.50 by early afternoon.
And addiction to crack spreads to the shires.
The jet fuel crack spread has increased much faster than crude in recent years, and it cannot be economically hedged.
Crack spread' is an industry term for the difference between the price of oil and the prices of the refined products made from that oil.
Prices on benchmark gas oil futures succumbed to crude losses but crack spreads held strong.
We compare our refinery operating margin to the Gulf Coast 3/2/1 crack spread.