NYMEX New York Harbor Gasoline Futures
The NYMEX Division New York harbor unleaded gasoline futures contract and
reformulated gasoline blendstock for oxygen blending (RBOB) futures
contract trade in units of 42,000 gallons (1,000 barrels). They are based on
delivery at petroleum products terminals in the harbor, the major East Coast
trading center for imports and domestic shipments from refineries in the New
York harbor area or from the Gulf Coast refining centers.
reformulated gasoline blendstock for oxygen blending (RBOB) futures
contract trade in units of 42,000 gallons (1,000 barrels). They are based on
delivery at petroleum products terminals in the harbor, the major East Coast
trading center for imports and domestic shipments from refineries in the New
York harbor area or from the Gulf Coast refining centers.
Gasoline is the largest single volume refined product sold in the United States
and accounts for almost half of national oil consumption. It is a highly diverse
market, with hundreds of wholesale distributors and thousands of retail outlets,
making it subject to intense competition and price volatility.
The unleaded gasoline contract specifications conform to those for oxygenated
gasoline, required in many areas for controlling emissions that can adversely
affect air quality. With the ongoing phaseout of the oxygenate methyl tertiary
butyl ether (MTBE) the industry is shifting towards ethanol.
RBOB conforms to industry standards for reformulated regular gasoline
blendstock for blending with 10% denatured fuel ethanol (92% purity) as listed
by the Colonial Pipeline for fungible F grade for sales in New York and New
Jersey. RBOB is a wholesale non-oxygentated blendstock traded in the New
York Harbor barge market that is ready for the addition of 10% ethanol at the
truck rack.
To ensure that the terms and conditions of the gasoline futures contract
continue to mirror the cash market, the Exchange maintains close contact with
federal and state officials and continues to evaluate changes in the regulations.
Along with the futures contracts, options contracts, calendar spread options
contracts, crack spread options contracts, and average price options contracts
provide a slate of flexible, liquid financial instruments.
The Exchange also lists for trading on the NYMEX ClearPort® trading platform a
series of gasoline swap futures contracts based on crack spreads and location
differentials. Transactions in these contracts can also be consummated
off-exchange and submitted to the Exchange for clearing through the NYMEX
ClearPort® clearing website.
Source: New York Mercantile Exchange, Inc
and accounts for almost half of national oil consumption. It is a highly diverse
market, with hundreds of wholesale distributors and thousands of retail outlets,
making it subject to intense competition and price volatility.
The unleaded gasoline contract specifications conform to those for oxygenated
gasoline, required in many areas for controlling emissions that can adversely
affect air quality. With the ongoing phaseout of the oxygenate methyl tertiary
butyl ether (MTBE) the industry is shifting towards ethanol.
RBOB conforms to industry standards for reformulated regular gasoline
blendstock for blending with 10% denatured fuel ethanol (92% purity) as listed
by the Colonial Pipeline for fungible F grade for sales in New York and New
Jersey. RBOB is a wholesale non-oxygentated blendstock traded in the New
York Harbor barge market that is ready for the addition of 10% ethanol at the
truck rack.
To ensure that the terms and conditions of the gasoline futures contract
continue to mirror the cash market, the Exchange maintains close contact with
federal and state officials and continues to evaluate changes in the regulations.
Along with the futures contracts, options contracts, calendar spread options
contracts, crack spread options contracts, and average price options contracts
provide a slate of flexible, liquid financial instruments.
The Exchange also lists for trading on the NYMEX ClearPort® trading platform a
series of gasoline swap futures contracts based on crack spreads and location
differentials. Transactions in these contracts can also be consummated
off-exchange and submitted to the Exchange for clearing through the NYMEX
ClearPort® clearing website.
Source: New York Mercantile Exchange, Inc
| Integrity Energy Inc. |
Integrity Energy Inc.
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
Custom Search
