Lower crude prices and higher demand for gasoline driving higher margins
Gasoline crack spreads in the United States, especially on the U.S. East Coast, have reached several-year highs in recent months. A recent note from the Energy Information Administration (EIA), looked at crack spreads in order to get an idea of refiner profitability.

In April 2015, wholesale conventional gasoline in New York Harbor averaged $1.79 per gallon, and the Brent crude oil spot price averaged $1.41/gal ($59.39 per barrel, divided by 42 gallons per barrel). The...

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