Prices for U.S. benchmark crude have jumped 20%-plus since June, but crude prices in the rest of...

|By:, SA News Editor

Prices for U.S. benchmark crude have jumped 20%-plus since June, but crude prices in the rest of the world have climbed even more. Thanks to the rally in Brent crude relative to WTI, the spread between the two is now back above $20 and at its highest level YTD. Since gasoline prices tend to be more closely correlated with Brent prices, the widening spread means more pain at the pump.