UnitedTristar From United States of America, joined May 2004, 1240 posts, RR: 4 Posted (1 year 10 months 3 weeks 4 days 23 hours ago) and read 3749 times:
Does anyone have a good website to keep an eye on this? I can't seem to find one!
For those of you who dont know what a crack spread is, it's basically the difference between a barrel of unrefined oil and a barrel of JetA.
-m
Welcome aboard United Airlines L1011 Friendship Service to Osaka!
26point2 From United States of America, joined Mar 2010, 664 posts, RR: 0 Reply 1, posted (1 year 10 months 3 weeks 4 days 21 hours ago) and read 3597 times:
OK. Thanks for clearing that up. I thought a Jet Fuel Crack Spread was what we do every time we pay the fuel bill.
DCAYOW From United States of America, joined Nov 2003, 582 posts, RR: 3 Reply 2, posted (1 year 10 months 3 weeks 4 days 21 hours ago) and read 3555 times:
The ATA website provides a good table, however its only annual data - there may be other tables on their website with more current crack spread estimates.
LAXintl From United States of America, joined May 2000, 22021 posts, RR: 51 Reply 3, posted (1 year 10 months 3 weeks 4 days 20 hours ago) and read 3436 times:
Its a few pennies above $18 per barrel for July delivery as of this morning.
From the desert to the sea, to all of Southern California
ORDFan From United States of America, joined Jun 2007, 232 posts, RR: 0 Reply 4, posted (1 year 10 months 3 weeks 4 days 20 hours ago) and read 3418 times:
Finding free, publicly available daily settlement prices for Jet A is difficult; several publications designed for oil traders will detail the price at a specific geographic locations, known as the basis, relative to the some standardized contract, often NYMEX No. 2 heating oil. Additionally, jet A prices vary (sometimes considerably) from region to region throughout the world.
If you are looking for a "rough" proxy, one can find daily settlement prices on CME's website for the No.2 heat and crude, and this is known as the heat crack:
You can take the price/settle of No. 2 heating oil contract - basically an industrial grade dyed distillate which other physical distillate contracts like Jet, marine diesel, ULSD, LSD, etc., are priced against. Multiply the settlement price - given in $/gal -- by 42 (#of gallons in a barrel) and then subtract FROM this number the price/settle of NYMEX WTI.
Additionally, IATA posts a weekly Jet A price that is a global average; you could derive the Jet A crack from this number as well, provided you calculate the corresponding weekly average for WTI: