Originally Posted by
Monkeyfly
The difference is the cost of converting it to Jet fuel. Referred to as the "crack price".
What I find so interesting though is that the crack spread is getting larger and larger. When oil was at $60 a bbl, it was around 10% and now it's at almost 30% and I know it's not costing that much more to refine it than it was a few months ago. Airlines must have a big "sucker" sign over their heads.