Diesel and gasoline cracks have tumbled during US hours, currently hovering near their intraday lows.

• Cracks are experiencing downside pressure amid expectations of increasing refinery runs as the heavy spring maintenance season draws to a close.
• This is coupled with an ongoing tepid demand picture which is adding additional pressure.
• US gasoline crack down -1.9$/bbl at 28.06$/bbl
• US ULSD crack down -1$/bbl at 31.36$/bbl
• The gasoline crack’s intraday low is $27.893/b, while the diesel crack’s low is $31.318/b. Both lows have occurred during US hours.