# Crack spread

**英文** **Crack spread**

**中文** （征集中）

**英文释义**

（1）A calculation of the worth of a barrel of crude oil in terms of the value of its refined products such as gasoline and heating oil. （2）Crack spreads may be based on a variety of refinery models, and also depend on the type of crude input. （3） Expressed usually in dollars and cents per barrel of crude. To calculate the spread, the cents per gallon product prices are multiplied by 42 (gallons per barrel), and subtracted from the crude oil price. For example, when heating oil futures cost US$0.40 per gallon and NYMEX light, sweet crude oil is priced at US$12 a barrel, the heating oil crack spread in dollars per barrel = US$0.40 x 42 = US$16.80 – US$12 = US$4.80

**中文释义**

（征集中）

**词条来源** 网络