Gasoline Futures Rally on Crude Strength and Maintenance Tightness

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Crack Spreads Widening

Gasoline crack spreads (the profit margin for refining crude into gas) widened today. Traders are pricing in a tighter supply/demand balance for March as refineries go offline for turnarounds.

Spot Market Activity

Physical trading in the New York Harbor and Gulf Coast markets saw active buying, suggesting that wholesalers are stocking up ahead of the transition to summer-grade fuel.