Friday, September 12, 2008

The Crack Widens

Honestly, I can't figure out the actual crack for the life of me. It is supposed to be traded on NYMEX here but I can't actually get real numbers! So instead I just use UGA and USO with magic multipliers, which should be a good enough approximate. I am not sure how far up this will go, especially with the hurricanes here. Will gasoline go up more than crude?

WNR +16%
FTO +7%
TSO +6%

Other Refiners:
HOC +13%
VLO +9%
DK +13%

I will probably do a review of the refiners over the weekend.