crack spreads – Thinking On Energy

Energy

Brent Crude $117.38 — 0.00 (0.00%) WTI $103.20 — 0.00 (0.00%) Natural Gas $2.64 — 0.00 (0.00%) RBOB Gasoline $3.21 — 0.00 (0.00%) ULSD Diesel $5.00 — 0.00 (0.00%) Jet Fuel $4.63 — 0.00 (0.00%) OPEC Basket $115.09 — 0.00 (0.00%) WCS Crude $87.12 — 0.00 (0.00%) Urals Crude $101.56 — 0.00 (0.00%) Dutch TTF €93.80 ▼ 0.06 (0.06%) Coal $147.00 — 0.00 (0.00%) Propane MB $1.13 — 0.00 (0.00%)

Retail Prices

Retail Gasoline $4.284/gal ▼ 0.05 (1.09%) Retail Diesel (ULSD) $6.276/gal ▲ +0.10 (+1.57%) Retail Pressure Index — U.S. 81.4 ▼ 7.70 Retail Pressure Index — PADD 1 (East Coast) 78.9 ▼ 9.51 Retail Pressure Index — PADD 2 (Midwest) 82.1 ▼ 7.55 Retail Pressure Index — PADD 3 (Gulf Coast) 80.2 ▼ 7.52 Retail Pressure Index — PADD 4 (Rocky Mtn) 85.9 ▼ 5.39 Retail Pressure Index — PADD 5 (West Coast) 83.5 ▼ 6.05

Metals & Carbon

Gold $3993.62 — 0.00 (0.00%) Silver $53.96 ▲ +0.11 (+0.20%) EU Carbon €86.26 — 0.00 (0.00%)

News

Middle East Eye 'Accountability can't be swept under rubble': Amnesty on Gaza killings, aid Middle East Eye Morning update Middle East Eye Won't allow 'rusty' US warships to re-enter Persian Gulf, Iran's military chief says Middle East Eye US intelligence chief says Iran 'increases efforts' to target Americans CleanTechnica US Tech Leaders Are Urgently Calling for Rules on AI — China Already Has Them CleanTechnica Is A PHEV Diesel Hybrid A Viable Option? Introducing the Chery Stockman CleanTechnica Ron DeSantis Statue Melts in Rising Temperatures He Spent 8 Years Denying; Climate Change Non-Profit 350 Action, Art Collective Uncommon Creative Studio, and M ss ng P eces Staged a Striking Midterm-Season Installation gCaptain Trump Administration Unveils Seafood Strategy to Boost U.S. Fishing Fleet and Domestic Production Natural Gas Intelligence Autumn Demand Lull Deepens Spot Natural Gas Sell-Off Hellenic Shipping News Dry Bulk Market: China’s Iron Ore Imports on The Rise Hellenic Shipping News Shipping community issues clear call for IMO regulation to turn first-mover action into a global transition Hellenic Shipping News Sanctions risks reshape commodity trading

Pricing, Supply, Trading, Transportation

The Hormuz Risk Premium Is Now a Line Item

Doug Haugh · July 28, 2026