Gasoline and diesel refining margins that diverged in March have moved closer together

U.S. gasoline and diesel crack spreads diverged sharply in March and April as a result of the mitigation efforts aimed at slowing the spread of the 2019 novel coronavirus disease (COVID-19), but they have moved closer since May. Crack spreads are the difference between the price of crude oil and the wholesale price of a refined petroleum product, and they are used by industry to estimate refining margins. Read more Gasoline and diesel refining margins that diverged in March have moved closer together

Continue reading Gasoline and diesel refining margins that diverged in March have moved closer together. This article appeared first on CTRM Center.

Source: CTRM Center

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