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Reformulated Blendstock for Oxygenate Blending. RBOB. WTI crude. 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. [1]
The crack spread X:Y:Z reflects the spread obtained by trading oil, gasoline and distillate according to this ratio. Widely used crack spreads have included 3:2:1, 5:3:2 and 2:1:1. [1] As the 3:2:1 crack spread is the most popular of these, widely quoted crack spread benchmarks are the "Gulf Coast 3:2:1" and the "Chicago 3:2:1". [citation needed]
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 ...
A crack arrestor (otherwise known as a rip-stop doubler) is a structural engineering device. Being typically shaped into ring or strip, and composed of a strong material, it serves to contain stress corrosion cracking or fatigue cracking, helping to prevent the catastrophic failure of a device. The crack arrestor can be as simple as a thickened ...
The 3-2-1 crack spread, a proxy for refining margins, fell below $20 a barrel for the first time in 18 month on Wednesday, and is down nearly 40% in the past month. ... The gasoline crack was $9. ...
Fluid catalytic cracking (FCC) is the conversion process used in petroleum refineries to convert the high-boiling point, high-molecular weight hydrocarbon fractions of petroleum (crude oils) into gasoline, alkene gases, and other petroleum products. [1][2][3] The cracking of petroleum hydrocarbons was originally done by thermal cracking, now ...
Gasoline (North American English) or petrol (Commonwealth English) is a petrochemical product characterized as a transparent, yellowish, and flammable liquid normally used as a fuel for spark-ignited internal combustion engines. When formulated as a fuel for engines, gasoline is chemically composed of organic compounds derived from the ...
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. [7]