Crude Oil, Gas Refinery Crack Spread & BRICS Gold Reserve Calculator
Calculate 3:2:1 refinery profit margins, crude per-litre costs, and sovereign gold reserve valuations.
Last reviewed by the myCalculator Editorial Team
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Formula & How Crude Oil, Gas Refinery Crack Spread & BRICS Gold Reserve Calculator Works
The crack spread is the refining margin: the value of the petrol and diesel a refinery makes minus the cost of the crude oil it uses. The standard 3:2:1 spread assumes three barrels of crude yield two barrels of petrol and one barrel of diesel, so spread = (2 × petrol + 1 × diesel − 3 × crude) ÷ 3, in dollars per barrel. With crude at $78.50, petrol at $98.00 and diesel at $106.00, spread = (196 + 106 − 235.50) ÷ 3 = $22.17 per barrel. A wider spread means refiners are earning more and usually signals tight product supply, which tends to feed through to pump prices. Watch diesel in particular, where the spread often moves faster than for petrol.
- Enter Crude Oil Price ($ USD / barrel): Input your target parameter value.
- Enter Wholesale Gasoline/Petrol ($ USD / bbl): Input your target parameter value.
- Enter Wholesale Distillate/Diesel ($ USD / bbl): Input your target parameter value.
- Enter Sovereign Gold Reserves (Metric Tonnes): Input your target parameter value.
- Enter Gold Spot Price ($ USD / oz): Input your target parameter value.
- Apply Formula: Calculate using
3:2:1 Crack Spread = (2 × Petrol + 1 × Diesel - 3 × Crude) / 3. - Review Results: View exact computed answers, metrics, and worked mathematical proofs.
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Frequently Asked Questions (FAQs)
What is a 3:2:1 crack spread in oil refining?
It is the industry standard refining margin representing the spread between purchasing 3 barrels of crude oil and selling the resulting 2 barrels of gasoline and 1 barrel of diesel.
Why are BRICS central banks accumulating gold reserves?
Central banks accumulate gold to diversify sovereign reserves, reduce reliance on US dollar foreign exchange assets, and hedge against international geopolitical risks.
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Authoritative Standards & Verified Reference Citations
Calculations and mathematical logic on this page are grounded in published statutory rules, regulatory standards, and official government data published by the following bodies:
Australia's official bullion refinery refining over 90% of newly mined Australian gold to 99.99% purity.
National geoscience authority on Australian critical minerals, gold, LNG gas, and energy reserves.
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