What are crack spreads and why are they elevated? Crack spreads are indicators of the profitability of refining crude oil into petroleum products such as gasoline and diesel. One common crack spread is calculated by subtracting the spot market price of a gallon of crude oil from the wholesale price of a gallon of refined product.
Elevated crack spreads and crude oil prices contribute to higher prices at the pump
calendar_today
September 4, 2026
domain
energy-information-administration