Why Have Gasoline and Heating Oil Futures Diverged?

Written on 04/21/2026
Andrew Hecht

Crude oil prices have been a focal point for markets across all asset classes. As crude oil prices rose in response to the military conflict in Iran and Iran’s regional retaliation in the Middle East, oil product prices soared. However, heating oil and distillates experienced more extreme rallies than gasoline.A fuel pump by IADE-Michoko via Pixabay
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