| Crack Spread |
58.48
-0.54
|
|---|---|
| Last updated: June 27, 2026 09:20 | |
3-2-1 Crack Spread
The 3-2-1 Crack Spread approximates the value of crude oil inputs and product outputs – in effect an indicator of refinery profitability. The 3-2-1 Crack spread approximates a theoretical refinery crude yield that produces two barrels of gasoline and one barrel of diesel for every three barrels of crude input. In other words, the simplified refinery yield implied by this calculation is two-thirds gasoline, one-third diesel. It is calculated in $/bbl.
Related Articles
U.S. Rig Count Up Ten to 573; Largest Weekly Gain Since June 2022
U.S. oil and gas rig count gained ten rigs to 573 for the week ending June 26 according to Baker Hughes data, as Anadarko (+2), Permian (+2), Gulf of Mexico (+1), Haynesville (+1), the Niobrara (+1) and All Other (+3) all posted gains with no basin reporting a decline.
Jambalaya on the Bayou – Big Changes Ahead for Where and How Louisiana Refineries Get Their Crude
The sourcing of crude oil for the 14 refineries in Louisiana has been shifting over the past few years and the pace of that shift is picking up as more U.S. Gulf production flows to Texas (and less flows to the Bayou State), new pipeline projects come online, and refineries modify their crude slates.
Permian Natural Gas Production Increased Faster than Crude Oil: EIA
The Permian region’s marketed natural gas production grew from 17.2 Bcf/d in 2021 to 27.6 Bcf/d in 2025, a 60% increase, the Energy Information Administration said in a June 18 report, citing its latest Short Term Energy Outlook. Over the same period, crude oil production grew by 39%, going from 4.7 MMb/d to 6.6 MMb/d.
Running on Reserve: Crude Oil in the SPR Plummets to a Four-Decade Low
According to the EIA's Weekly Petroleum Status Report (WPSR) released this morning, the Strategic Petroleum Reserve (SPR) recorded its 13th consecutive weekly draw for the week ended June 19, reducing stocks to levels not seen since 1983.
Crude Export Demand Remains Steady Despite Weather and Market Headwinds
U.S. Gulf Coast (USGC) crude exports remained remarkably resilient last week despite a sharp decline in crude prices and weather-related disruptions along the Texas coast.