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Reformulated Blendstock for Oxygenate Blending (RBOB) is a gasoline futures contract traded on the New York Mercantile Exchange (NYMEX). It is the benchmark futures contract for wholesale gasoline in the United States.
Retail markup over crude oil and wholesale gasoline, 2014–2019 Oil, gas, and diesel prices RBOB Gasoline Prices. In 2008, a report by Cambridge Energy Research Associates stated that 2007 had been the year of peak gasoline usage in the United States, and that record energy prices would cause an "enduring shift" in energy consumption practices. [6]
RBOB gasoline prices. RBOB stands for Reformulated Blendstock for Oxygenate Blending and is refined from crude oil and blended with 10% ethanol fuel. The price of RBOB closely follows the price of crude oil. RBOB plus the excise taxes on fuel reflect the price paid at the pump for gasoline. [28] [29] [30]
The average retail price of gasoline was most recently at $3.40 for a regular gallon, up from roughly $2.11 at this time a year ago. Explainer - What is happening with U.S. gasoline prices? Skip ...
The global energy market is comprised of 3-distinct groups. The producers search for energy which includes crude oil and natural gas. The consumer uses the end product that is created for them by ...
The United States uses more gasoline than any other nation in the world, and lately Americans have grown concerned about the swift rise in costs at the pump.
Commodity Main exchange Contract size Symbol WTI Crude Oil: NYMEX, ICE: 1000 bbl (42,000 U.S. gal) CL (NYMEX), WTI (ICE) Brent Crude: ICE: 1000 bbl (42,000 U.S. gal)
After three months of declines in U.S. gasoline prices, Americans should brace for costs to rise again soon. On Wednesday, regular gasoline was going for an average of $3.83 across the country ...