The Trading Economics Crack Spread index, which tracks the spread between crude oil and refined products from the average US refinery, surged to a record high of $75 per barrel in September 2026. This marks a near 200% increase since mid-February, before the US escalated threats of strikes on Iran. The conflict led to naval blockades that halted oil exports from GCC countries through the Persian Gulf, choking off crude oil feedstock for refineries in major oil-importing nations and driving US refiners to run above 100% of their nameplate capacity. The resulting surge in domestic gasoline and diesel prices prompted the presidential administration to consider a ban on diesel exports. Adding to concerns, the threat to global diesel supplies from US refineries also clouded the outlook for gasoline production, as the limited ability of Gulf and West Coast refineries to shift toward gasoline could result in lower crude runs.
TE Crack Spread Index fell to 66.56 Index Points on October 2, 2026, down 0.85% from the previous day. Over the past month, TE Crack Spread Index's price has risen 9.13%, and is up 196.48% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, TE Crack Spread Index reached an all time high of 78.81 in September of 2026. TE Crack Spread Index - data, forecasts, historical chart - was last updated on October 2 of 2026.
TE Crack Spread Index fell to 66.56 Index Points on October 2, 2026, down 0.85% from the previous day. Over the past month, TE Crack Spread Index's price has risen 9.13%, and is up 196.48% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. TE Crack Spread Index is expected to trade at 79.17 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 88.98 in 12 months time.