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At close · Wed, Sep 23, 2026
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Home›Commodities›Energy›Elevated crack spreads and crude oil prices raise gaso…

Elevated crack spreads and crude oil prices raise gasoline costs

Crack spreads, which reflect refiners profitability in turning crude into gasoline and diesel, have been running higher since May.

Reported · Written up by our desk · Energy

The US Energy Information Administration (EIA) said higher crack spreads and rising crude oil prices are contributing to higher prices at the pump.

Crack spreads are indicators of how profitable it is for refiners to convert crude oil into petroleum products like gasoline and diesel.

One common measure, used by the EIA, calculates a crack spread by subtracting the spot price of a gallon of crude oil from the wholesale price of a gallon of refined product.

The EIA added that the gasoline crack spread in New York Harbor has averaged higher since May, helping support the move in retail gasoline prices.

Latest closeWTI crude $90.73 ▼4.1%|Gasoline (RBOB) $3.293 ▼5.6%

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Sources

EIAElevated crack spreads and crude oil prices contribute to higher prices at the pump

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