Why are gasoline prices rising faster than oil prices? Blame it on the ‘crack.’

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Commodities Corner
Why are gasoline prices rising faster than oil prices? Blame it on the ‘crack.’
The spread between the cost of barrels of gasoline and crude oil — known as the ‘crack spread’ — has widened sharply
Worried that gas prices at the pump will be rising quickly again now that Middle East hostilities have resumed — especially as they didn’t fall that much after the last U.S.-Iran peace deal?
You should be, because energy companies are making more money refining crude oil into gasoline than they have in years.

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