10 Regular Gasoline Gallon $3. Conversely, low inventory levels during a cold snap can lead to rapid price escalation as suppliers struggle to meet demand.
Understanding New England Crack Spread Refinery Costs MA
If oil prices spike due to a supply shock, some consumers may switch to propane, increasing its demand. When inventories are robust, the market can absorb shocks caused by sudden weather events or supply disruptions.
During the winter, heating oil demand drives a large portion of regional consumption, leading to tighter inventories. These include the price of crude oil on the global market, the strength of the US dollar, and the availability of pipeline capacity.
New England Crack Spread Refinery Costs MA: Understanding Regional Price Pressures
This seasonal swing creates a "crack spread" differential between heating oil and gasoline prices. New England oil prices reflect a complex mix of regional dynamics, infrastructure constraints, and global market forces.
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