Pricing
How Refined Product Prices Track Crude Oil Movements
PetroIntermediation TeamPricing & Market Intel
Refined product prices track crude through the crack spread:
- 3-2-1 crack: 3 barrels crude → 2 gasoline + 1 distillate.
- Diesel-Brent crack: typically $20–$45/bbl in 2025-26.
When cracks widen, refiners run harder and product availability rises. When cracks compress, supply tightens. Buyers timing term contracts around crack cycles save 4–8% annually.
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