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UBN - The Explosive Gasoline Market - How High Can It Go?
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Gasoline is the most ubiquitous crude oil product, and while the price of the raw energy commodity often determines the path of least resistance for the oil product, sometimes the tail wags the dog and gasoline can drive the price of oil.
The processing spread between oil and gasoline or the crack spread is a real-time indicator for both demand for the oil product and the earnings for refining companies who process oil into the fuel. Therefore, the price of gasoline and its path higher or lower provides valuable information when it comes to the