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Gasoline Spreads Pull Back as Diesel Stays Strong

OIL PRODUCTS

After all refined products traded higher this morning, US and European gasoline prices have fallen back this afternoon.

  • The slightly lower gasoline spreads have halted the rise in refining margins, but they remain significantly up on this time last week. US 321 crack is 25% higher now than this time last week.
  • US 321 crack down -0.73$/bbl at 60.26$/bbl
  • US gasoline crack down -1.76$/bbl at 58.87$/bbl
  • US ULSD crack up 1.33$/bbl at 63.02$/bbl
  • Brent FCC margin down -0.7$/bbl at 25.08$/bbl
  • Gasoline-Brent down -2.86$/bbl at 45.13$/bbl
  • Gasoil-Brent up 2.94$/bbl at 45.66$/bbl

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