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Cracking Down on Sentiment

The gasoline market remains weak, with the Mar'26 RBOB swap crack softening from a high of $25.20/bbl on 21 Jan to $22/bbl on 29 Jan. ...
Published: February 2, 2026
Written by:
Mita Chaturvedi

Mita Chaturvedi

Research Associate, Flux
Mita Chaturvedi
and
Donna Dong

Donna Dong

Research Analyst, Flux
Donna Dong
Reviewed by:
Giovanni Simonetti

Giovanni Simonetti

Junior Data Analyst, Flux
Giovanni Simonetti
14 page report
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The gasoline market remains weak, with the Mar'26 RBOB swap crack softening from a high of $25.20/bbl on 21 Jan to $22/bbl on 29 Jan. Though prices met support here, they remain subdued at $22.40/bbl at the time of writing on 02 Feb. Similarly, the Mar'26 EBOB crack remains weak, although price action met support at the $10/bbl handle on 30 Jan. Prices now sit at $10.40/bbl.....

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