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3-2-1 Crack Spread

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3-2-1 Crack Spread

What it is

3-2-1 Crack Spread β€” registry key crack_spread.

Contextual refining-margin indicator; energy_regime drives scoring.

Data-pyramid tier

T1 β€” Signal. This metric sits at the signal layer of the platform’s six-tier data pyramid (T0 raw inputs β†’ T5 actionable read). The tier reflects how far the value is from a raw measurement β€” not how strongly it is validated. Abstraction and validation are separate axes: a higher tier is not a claim of stronger evidence.

Horizon & validation

No validated skill horizon is on file for this metric β€” read it as context / a data carrier, not a validated edge. Stamps are added only when a gated research verdict lands.

Source

Source module: energy
Data source: computed

Derived metric β€” produced inside the platform (app/sources/energy.py or equivalent) rather than fetched as a raw upstream value. See the How it's computed section below for the formula.

How it’s computed

3-2-1 crack spread in $/barrel: (2 Γ— RBOB + 1 Γ— HeatingOil) Γ— 42 / 3 βˆ’ WTI. RBOB and heating oil are in $/gallon (multiplied by 42 gal/barrel); WTI in $/barrel. See app/sources/energy.py:103.

Where it surfaces

Bands / thresholds

Classifier direction: range_is_better.

Range Label Dot Implication Points
15 – 25 Normal neutral NEUTRAL β€”
25 – 40 Wide leaning NEUTRAL β€”
β‰₯ 40 Very wide cautionary BEARISH β€”
5 – 15 Narrow cautionary BEARISH β€”
< 5 Collapsed adverse BEARISH β€”

Health-score / alignment role

Display-only β€” has bands for surface labeling but does not contribute to the health score (scoring is handled by a companion metric).

Release cadence

See also