Gasoline Profit Margins Rally as U.S. Refiners Ready for Summer
- Fuel benefits from coronavirus vaccine rollouts, tight supply
- Biofuels costs go up at same time, cutting potential profit
Total SE refinery in Port Arthur, Texas.
Photographer: Callaghan O'Hare/BloombergThis article is for subscribers only.
The profit to make gasoline from crude is at its highest since July as the market chases supplies ahead of an expected recovery this summer.
The spread between West Texas Intermediate crude and gasoline futures on the Nymex climbed above $12 a barrel Friday and has floated near that level as refiners start to build up gasoline inventories for expected higher summer demand.