Gas Prices Set To Soar As Crack Spread Jumps On Tightening Fuel Supplies (Gasoline Prices UP 45% Under Biden, Diesel Prices UP 77%, Strategic Petroleum Reserve DOWN -47%)
by confoundedinterest17 U.S. oil refining margins, also known as the 3-2-1 crack spread, jumped to a three-month high on Tuesday — and that’s an indication the country faces an ongoing product shortage that might lead to higher gasoline and diesel …