The energy market’s rising ‘crack spread’ is threatening to break the American consumer
The energy market is sending a warning to cash-strapped consumers: Don’t expect prices at the pump to come down anytime soon.
The energy market is sending a warning to cash-strapped consumers: Don’t expect prices at the pump to come down anytime soon.
BELLINGS Intelligence Score: 35
Why it matters
The rising crack spread signals notable market activity in energy markets that could pressure consumer spending and credit conditions, relevant to credit professionals monitoring inflation and credit risk, but it is not a direct monetary policy signal or systemic event.
Sources
MarketWatch
The energy market’s rising ‘crack spread’ is threatening to break the American consumer
The energy market is sending a warning to cash-strapped consumers: Don’t expect prices at the pump to come down anytime soon.