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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 — registry key crack_spread.

Contextual refining-margin indicator; energy_regime drives scoring.

Source

Source module: energy
Data source: computed

Derived metric — 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 × RBOB + 1 × HeatingOil) × 42 / 3 − 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.

RangeLabelDotImplicationPoints
15 – 25NormalneutralNEUTRAL
25 – 40WideleaningNEUTRAL
≥ 40Very widecautionaryBEARISH
5 – 15NarrowcautionaryBEARISH
< 5CollapsedadverseBEARISH

Health-score / alignment role

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

Release cadence

See also