What is it?
The differential between the S&P Global Platts assessment of the price of gasoline with an octane rating of 87 delivered on a pipeline in the market and the price of Dated Brent, the world’s benchmark crude. All prices normalized to dollars per barrel.
- United States Gulf Coast
Who is interested?
Any participant in the market that has an exposure to the price of distillates and wants to observe the relationship between gasoline and diesel, as that relationship can impact refinery decisions on producing relative quantities of one or the other.
What does it tell me?
The number takes the daily assessment of gasoline with an octane rating of 87 delivered on a pipeline, converts it to a price of dollars per barrel and subtracts the price of dated Brent from it. The end number is displayed as a graph. A rising number indicates the physical market for this product is strengthening compared to crude. A declining market indicates the physical market for this product is weakening compared to crude. The actual Platts assessment for the inputs is not available through this series and must be purchased from S&P Global Platts.