Why This Chart Is Bad News for Gasoline Bulls
So should traders sell gasoline as they wait for the "crack spread" to narrow? "Don't sell it yet," Evans said. "It's too late to buy, but it's too soon to sell."
Grisanti also thinks that gasoline will cool off — or at least won't spike into the summer driving season. "The high crack spread," he explains, "is what makes me think you won't see record gasoline prices this year."
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