Dossier
crack spread
Coverage of crack spread in the Nexus archive.
- Get Used to High Gas Prices
Donald Trump's decision to go to war with Iran in February caused gas prices to rise above $3.50 per gallon, with prices recently exceeding $4 a gallon after the conflict resumed. Even if a cease-fire occurs, low oil reserves, reduced refining capacity, and a widened crack spread will keep gas prices high through November, harming Trump's approval and Republican midterm prospects.
- Why are gasoline prices rising faster than oil prices? Blame it on the ‘crack.’
Gasoline prices are rising faster than crude oil prices, with the 'crack spread' — the spread between gasoline and crude oil costs — widening sharply.