Crack Chart Pdf For Free

EIA - Oil Price Prediction 2023: Brent $83, WTI $77 EIA forecast Brent price will average $86/b in the second half of 2023 (2H23) and reach $88/b in November and December and remains near that level in the first quarter of 2024 (1Q24).

But we also look at the 2-1-1 crack spread ? the difference between the cost of two barrels of crude and the sum of one barrel of gasoline and one barrel of diesel ? because that one-to-one gasoline-to-diesel output ratio is often a little closer to reality these days.

The :1 crack spread approximates the product yield at a typical U.S. refinery: for every three barrels of crude oil the refinery processes, it makes two barrels of gasoline and one barrel of distillate fuel.

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.

We calculate the 3-2-1 crack spread by subtracting the price of a gallon of crude oil (the input) from the combined price of two-thirds of a gallon of gasoline and one-third of a gallon of diesel (the output). We expect petroleum product prices for gasoline and diesel will be lower in 2023 than in 2022.

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.

The :1 crack spread is calculated by subtracting the price of 3 barrels of oil from the price of 2 barrels of gasoline and 1 barrel of distillate. Additional ratios used for multiple-product crack spreads include :2 and :1.