Valero’s gasoline crack indicators
Valero’s (VLO) gasoline crack indicators have started recovering in 2Q16 compared to 1Q16. In the North Atlantic, where VLO has 0.51 MMbpd (million barrels per day) refining capacity, VLO saw the largest rise in gasoline cracks of $4.70 per barrel over 1Q16, to $16.40 per barrel in 2Q16.
The US Gulf Coast (or USGC), which accounts for 1.7 MMbpd of VLO’s refining capacity, witnessed a $3.20 per barrel rise over 1Q16, to $11.20 per barrel in 2Q16. VLO’s total refining capacity stands at 3.0 MMbpd.