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Rising crack spreads threaten to keep US gasoline costs elevated
The widening crack spread signals refiners are extracting more value from processing crude, a dynamic that can translate into higher pump prices rather than relief for consumers, MarketWatch reports.
MarketWatch reports that the energy market’s rising crack spread is sending a warning that consumers should not expect lower prices at the pump soon.
The outlet frames the current setup as a threat to cash-strapped households, linking the crack spread’s upward move to the likelihood that gasoline costs remain elevated rather than easing.
Latest closeGasoline (RBOB) $2.901 ▼7.3%
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