Refinery stocks, including Phillips 66, outperformed the energy sector during Q1 and Q2 due to the rise in gasoline prices compared to crude oil. The recent sharp decline in the crack spread, a ...
Marathon Petroleum's return ratios and margin ratios increased significantly in 2022 as gasoline and distillate crack spreads were hiked. Gasoline and distillate crack spreads in 2023 are not expected ...
The difference between the cost of oil and the cost to refine it — what’s known as the crack spread — was ridiculously wide just after Russia invaded Ukraine. As you might have noticed, gasoline ...
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