The 6-month futures price for oil is $96.60 per barrel (or 2.30 cents per gallon). The 6-month futures prices for gasoline and heating oil are 2.50 cents and 2.15 cents, respectively. What is the gross margin on a simple 3-2-1 crack spread?

A) $0.25

B) $0.35

C) $0.54

D) $0.68

Answer: A (Need calculations)