Forward-curve instrument
Price the spread, not the story.
Load petroleum settlements, normalize gallons to barrels, and compute the 3-2-1 refining proxy at every tenor.
The bundled curve is synthetic and chosen to exercise the source's $0.75 scenario. It is not current market data, a price forecast, or investment advice.
Awaiting validated settlements.
spread = ((2 × RBOB × 42) + (ULSD × 42) − (3 × WTI)) ÷ 3
No curve evaluated yet.
Tenors—validated rows
RBOB draw—dollars per gallon
Spread end—dollars per barrel
Compression—first to last
Supplied curve, computed signal
RBOB uses the left axis; 3-2-1 spread uses the right axis.
Date
RBOB
Spread
Curve is not prophecy.
A forward curve is the current term structure of contracts. It can reveal backwardation, contango, and relative product pressure, but it does not guarantee the future spot price.
In this sample, crude falls too. The spread still compresses because the barrel-equivalent value of gasoline and distillate falls faster than the three-barrel crude input.