Why are gasoline prices rising faster than oil prices? Blame it on the ‘crack.’
The spread between the cost of barrels of gasoline and crude oil — known as the “crack spread” — has widened sharply.
- Oil hits $90 per barrel as US-Iran war escalates Semafor —
- U.S. gas prices hit an average of $4 a gallon again as the U.S. and Iran launch attacks PBS —
- Price of gas hits $4 as Iran war heats back up The Hill —
- Gas prices top $4 a gallon again as U.S.-Iran conflict escalates CBS News —
- Gas prices snap back to $4 as Trump’s Iran truce unravels Fortune —