asr note: if you enlarge picture you see the following
1/ every OCTOBER RBOB crack is lowest price then it increase from there reach peak around MARCH/APRIL
2/ every MARCH/APRIL high price of "RBOB crack" also push the "crude price" to high as JIM RItter bush mentioned in this letters around MARCH/april stating gasoline uptrend price (RBOB carck ) is pushing "Crude OIL CL" price higher .
2/ so when RBOB crack is low in OCTOBER time line , it also may mean low price of CRUDE going by 2/ of JIM BUSCHE above .
NYMEX-Implied Refining Margins
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The seasonal squeeze on crack spreads continued as gasoline margins deteriorated in favor of heavier distillates. And 3-2-1 refinery runs, at 6.4% Tuesday, now yield 1% less than 2-1-1 cracks. Over the past 12 months, the gross margin from 3-2-1 refining has averaged 17.8%.
NYMEX CL near by month contract price
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