Matthew Blair: Yes, so very comprehensive question. I would like to give you as much clarity as we possibly can. I think Joseph did a great job on his prepared remarks of giving some color around $82 million of the $114 million and actually outlined it by asset and by business stream. All of those assets, we see them as a core business. So, assets that support the Refinery, so it’s very well — something that it’s repeatable. But now I will let Joseph, get into that area very well, and I will let him have some comments on this as well. Please, Joseph.
Joseph Israel: Yes, Matt. We mentioned the numbers per side in our prepared remarks. Let me add you some information as we are making progress with, visibility here and transparency. So, we move around 210,000 barrels per day of a light product through our rack. In a typical quarter, we make $45 million to $50 million of a contribution coming from the wholesale marketing. Obviously, different things create some volatility ups and downs. This quarter was really good, $60 million of the $82 million was wholesale related. Most of it is really just the location advantage that we have in the markets we operate in. And then on the asphalt side, we do have a 750,000 tons per year type of asphalt. Approximately 75% of it is in the El Dorado, driven by Oklahoma, Arkansas, [Indiscernible] type of pricing, 25% left is more of a Big Spring.
In a good quarter, obviously, in the season, we’re making approximately $20 million of contribution. And in the off season, the way how our transfer price work, it’s probably around $5 million of positive contribution. This will give you a good start for the modeling efforts. I hope you all see it’s real. The numbers outside the $82 million are more inventories and derivative type of numbers. Did I answer your question, Matt?
Matthew Blair: Got it. Thank you very much.
Joseph Israel: Thank you.
Matthew Blair: Yes. Thank you, Joseph.
Operator: The next question is from Neil Mehta with Goldman Sachs. Please go ahead.
Nicolette Slusser: Hi. This is Nicolette Slusser on for Neil Mehta. Thanks for taking the time. So, the first question here is on the more macro side of things. Just any views you can share on the current product market and any additional thoughts around Midland spreads and where differentials may be trending? Thank you.
Avigal Soreq: Yes, Nicolette, first of all, thanks so much for joining us today. We see the trend, the positive, right, we see diesel at close to a five-year low, you take gasoline, at five-year low, we see demand, pick up. We see the recession field that was very well doing the first half of the year, fading out just a little bit. That also improved the COGS spread for the right way. We see heavy turnaround season come in Q3, and that we are not — Q3 and Q4, that we are not part of it as you’re very well aware. So, it seems that we see the heavy-light differentials compressing, which is obviously going our way. So, it seems that from a — it’s a good day to be refiners those days. We see the trends continue. We see strong card spreads.
So, we are very positive around it. Around Midland, the differentials, I think when — the market is a bit underestimate the production and what can it make to differential at some point. I’m sure that we’ll see that movement and we’ll widening the Midland differential. We’ll see production coming up, which is a positive. We see that on our own acreage — obviously, in our own acreage, we were more than doubling versus last year. But generally speaking, we see the acreage the Midland production coming up. So, it’s a very positive news for us as well. So, we’re well-positioned. Our configuration is good for this time being and demand looks solid and inventory looks low. So, although very constructive.
