# Crack spread 3-2-1

> How much a refinery makes turning crude into gasoline and diesel.

## OBSERVATION
52.46 USD/bbl — observed at 2026-05-04T20:30:00+00:00.

## DELTA VS BASELINE
+39.2% vs 37.69 USD/bbl (Trailing 90-day mean).

## METHODOLOGY
- Source: CME settlements (WTI, RBOB, ULSD) via EIA price series
- Cadence: Daily
- Sensors / APIs: EIA Petroleum Spot Prices, CME settlements
- Baseline method: Trailing 90-day mean

## UNCERTAINTY
Settlement-to-settlement; intraday slippage not captured (Settlement-to-settlement; intraday slippage not captured)

## PROVENANCE
- Source URL: https://www.eia.gov/petroleum/gasdiesel/
- License: US Government — public domain


## TRANSLATION (Casual EN)
The *3-2-1 crack spread* — theoretical profit from processing 3 barrels of crude into 2 gasoline + 1 diesel — measures refinery margin. Wide = refiners minting money (bullish for VLO, MPC). Tight = throughput cuts loom.

## DISCLAIMER
Vectorial Signals is descriptive market intelligence. Not investment advice. Past correlations don't predict future performance.